| What are Five Year Fixed Rate Mortgages? | | | | that is no longer the case. Nationwide has announced |
| Its name is kind of self-explanatory. A five year fixed | | | | that during this year, there will be increases in their |
| rate mortgage is a mortgage in which your interest | | | | mortgages. Especially on these mortgages, which will |
| rate is fixed. These mortgages in general are very | | | | rise by 0.86% to 5.84%. |
| popular since they minimize the risk of a variable rate, | | | | This applies for customers looking to borrow less than |
| which causes uncertainty, especially at these times | | | | 60% of the total value of the property. For those who |
| where the financial crisis has hit all of us. | | | | are borrowing more, even though there will be an |
| Which are the Most Popular Banks to have offered 5 | | | | increase in the rate, it will not be as dramatic as that |
| Year fixed Rate Mortgages throughout the Years? | | | | applied to the other group of borrowers. So if you |
| Well there are many banks and financial entities that | | | | belong to the first group, be aware that a significant |
| have been offering this kind of mortgages for quite | | | | increase on your rate is about to take place. |
| some time now. However, only some of them truly | | | | Yorkshire BS Five Years Fixed Rate Mortgages |
| contributed to this type of mortgage. Those are the | | | | Yorkshire Building Society is known for offering |
| very same ones that offer the best options when it | | | | mortgages that are affordable even for first time |
| comes to mortgages. HSBC, Nationwide, and | | | | buyers. But those who are remortgaging or moving |
| Yorkshire BS are some examples. | | | | homes can also find an option at this bank. For five |
| HSBC Five Year Fixed Rate Mortgages | | | | years fixed rate mortgages, their rates start at 3.59 |
| HSBC has been offering 5 year fixed rate mortgages | | | | per cent. |
| for many years now. Its rate is of 4.73% and they can | | | | Furthermore, Yorkshire BS has announced that they |
| loan up to 60% of the total value of the property. The | | | | are launching a line of fee-free mortgages, and they |
| only extra fee they charge is a booking fee. One of | | | | will be able to do it by halving the products' fees and |
| the best things about HSBC'S mortgage line is that you | | | | offering £250 cash back. This is by far the financial |
| can apply for it online. | | | | entity that has contributed the most to the mortgages |
| Nationwide Five Year Fixed Rate Mortgages | | | | market. Plus, its mortgages products are varied and |
| Over the years, Nationwide has offered pretty good | | | | suit most borrowers. |
| deals on five year fixed rate mortgages. However, | | | | |