Should You Now Fix for Ten Years? ; Moneymail

Daily Mail (February 22, 2006)

Author: Rosanna Spero

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Summary

HOMEBUYERS are snapping up longer-term fixed rate mortgages - but are they jumping for the rates on offer without considering the downsides of these deals?

Ten-year fixed rates are now almost as low as two- or three-year fixes making them a tempting offer for borrowers wanting long-term security.

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Should You Now Fix for Ten Years? ; Moneymail

Norwich Peterborough Building Society says 10 pc of all mortgage applications are for its ten-year 4.88pc fix and when West Bromwich had its 4.69 pc deal on offer, nearly half its new borrowers opted f...

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