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New long term fixed deal available

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  • New long term fixed deal available

    In these troubling times, as we look to the future, many of us have concerns over whether we will be able to afford our mortgages. A new mortgage product has been launched which aims to alleviate these fears by allowing you to take a fixed deal for 20 years.

    The rate you are fixed at is 4.99%, which in the current climate is a competitive rate, and it comes with the added feature of being able to reassess every 5 years and if required leave with no early repayment fee. The arrangement fee is a reasonable £999 with a maximum loan to value of 75%.

    This may prove popular with many the people currently sitting on their lenders standard variable rate which, although cheap now, comes with no guarantee that it won't rise in the near future.
    Independent Mortgage Advisor, expert in residential, buy to let, holiday let, and refinance mortgages