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TSB Mortgage 10 yr Fix 3.49% - no product fees
TSB Mortgage 10 yr Fix 3.49% - no product fees

TSB Mortgage 10 yr Fix 3.49% - no product fees

for loans between 60 to 75% LTV
this is for purchasing only

- there is a 10 yr fix for remortgaging but the rate is 3.59%

long term fix may not suit everyone but on another deal I posted people have asked about longer term fix - this is the longest term I could find

9 Comments

Whether this is a good deal or not is open for scrutiny. What is does highlight though is that, in the view of this lender, is that rates aren't going up anywhere soon and not very high even if they do. Good news for those on trackers.

u664541

Whether this is a good deal or not is open for scrutiny. What is does … Whether this is a good deal or not is open for scrutiny. What is does highlight though is that, in the view of this lender, is that rates aren't going up anywhere soon and not very high even if they do. Good news for those on trackers.



Indeed.

Predicting the state if the mortgage market (or economy in general) 10 years hence is tantamount to gambling. But 3.49% is, historically, a very low interest rate and, for people seeking longer-term certainty, might be just the ticket. I'm a bit of a pessimist so, personally, think the indebtedness of western economies might well lead to financial turmoil in a few years time. And, at that point, you'd bite the hand off anyone offering you this deal.

Governor of the Bank of England said not long ago he wanted interest rates to get back to 2% so only a 1.5% increase of where we are now.

That equates to a £28.85 increase per week on each £100,000 borrowed.

I still want to see fixed rate mortgages for life or the full 25 years of an average mortgage so that people can properly budget and not have events outside of their control increase the mortgage rates.

What is the tv?

Comment

rhine

What is the tv?



Sorry LTV

Banned

Fixed rate mortgages for life I'm all for that.

Neilm108

Fixed rate mortgages for life I'm all for that.



+1

If this is the same one I read about there are no exit fees after, I think, 5 years. Worth checking.
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