Found 6th Aug 2017Edited by:"tomtomato"
- 10 Year Fixed Repayment Mortgage @ 2.49% (Link)
- 5 Year Fixed Repayment Mortgage @ 1.84% (Link)
- 2 Year Fixed Repayment Mortgage @ 1.59% (Link)
Maximum LTV 60% (so minimum deposit/equity would be 40%).
No upfront fees (booking or arrangement), "fee saver" versions
Unlimited lump sum repayment/fee-free extra repayments!
While there is an early redemption fee (3% of the original mortgage value initially, and then 2%), I guess you could just keep the mortgage "open" at £1 until the end of its term (and let FD terminate for free, as it would cost them more in admin fees)!
A bit of a contradiction between having unlimited repayment and early redemption fee at the same time...
Basically, it looks like those FD fixed rate mortgages are without any drawbacks, and with great rate! Fixing a mortgage for 2.49% over 10 years is a great opportunity, as the base rates can't really go much lower.
Note: FD are notorious for being one of the most picky/selective lenders (including based on own experience), so even qualifying people may end up not getting those mortgages.