Cheapest ever 10 year fix is launched by Barclays in time for the New Year.
Barclays Bank has announced that with immediate effect a new 'lowest ever' 10 year fix is available at under 3%.
This is not the first time Barclays has offered a long term deal, however its previous offer was at 3.45%.
The Barclays new market leading cheapest ever 10 year fix is available for up to 60% LTV at 2.99% with a £999 fee. It is a mortgage aimed at those looking for long term security and a low rate, a rate under 3% could get borrowers interested in a decade long deal.
While 5 year fixes have been on offer at this rate level for many months this is the first time such a low rate has been offered for 10 years.
Launched in time for the New Year this mortgage could prove highly popular with buyers, and so the advice is act now and get a quote because such a competitive offer might not be available for long. Once the fixed tranche of funding is exhausted the deal could be withdrawn from the lender's range.
In addition to a 10 year fix, Barclays is also launching a new 2 year tracker for 60% LTV at 0.89% plus base. Mortgage rates have also been cut on selected 2 and 5 year fixes.
For a review of Barclay's mortgage range and a comparison of the deals against the wider market, call an adviser at Deal Direct.
A call to one of our advisers can get you the best rate for your deposit level.
For a free low rate mortgage review,
call us today on 0800 048 8828.
