5 Oct

Fixed-rate mortgages 'offer security on houses for sale in Britain'

Fixed-rate mortgages 'offer security on houses for sale in Britain'

People looking to purchase houses for sale in the UK have been encouraged to take up one of Yorkshire Building Society's latest fixed-rate deals.

According to the firm's product manager for mortgages Tom Girling, choosing a fixed-rate loan is often a good choice for homebuyers looking for financial security over a long period.

He said that despite the base rate being low at the moment, it is "inevitable that rates will rise".

Mr Girling added: "With concerns about inflation and rising costs elsewhere in the household budget, fixing your mortgage at a great rate now can give you piece of mind when it comes to your repayments in future."

This week, Yorkshire Building Society launched its new five-year fixed-rate mortgages, which offer a rate of 3.89 per cent for people who can pay deposits worth 40 per cent of the property.

Last week, Santander released a four-year fixed-rate home loan at 4.75 per cent on mortgages of 75 per cent loan-to-value in order to offer customers "peace of mind".  ADNFCR-1222-ID-800099203-ADNFCR

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