Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

The coming back of the long-term fixed rate mortgage

By DavidVila Subscribe to RSS | February 14th 2012 | Views:

Here is a review of some of new financial products that have come into the market where Skipton has come up with new seven year fixed rate mortgage. They are taking a lot of steps that they want to again bring in home loan that are long-term in nature. A few days back this building society had come out with a fixed-rate deal which was of a time duration of 10 years and had competitive rate of interest. Now they have come up with a product that is of seven years which also has introduced a low deposit for the people who are first-time buyers.

Melanie Bien, a mortgage broker with a private finance as of the view that the figure of the mortgage deals with a fixed rates which have a rate of interest that is competitive is going upwards but now the coming up of more of them has been delayed till the time the next part of this year come up. Along with this she also issues a warning that the borrower should only go in for such a long-term deal when he is planning to stay in one property for a long duration of time.

In case you think that you certainly would able to make the payment then this building society, Skipton has another option for you as well. They have also formulated two new and fresh seven year deal with a fixed-rate. The home buyers who are going to make a deposit of the 25 percent of the total amount they are going to get a rate of 4.89 percent and contrary to this who would be making a payment of 15 percent would be availing a rate of interest that would be 5.49 percent. When the span of 7 years comes to an end, this product acts like a tracker which would be charging 0.5 percent plus than what the current rate of bank would be. Apply with no guarantor loans @ and get quick funds according to your requirements.

They in the recent times have also come up with a deal stretching up to a time duration of 10 years that was a fixed-rate mortgage deal. No product fee would be charged from you if you go in for any of the seven year home loan deal. An over payment of around 10 percent in a year is allowed and is free from any sort of a penalty but over the full term of the mortgage in the initial stages one needs to make repayment charges that range from 3 to 6 percent.

DavidVila - About Author:
David Vila is expert financial advisor. He provides his best views on finance. He writes articles on no guarantor loans, non guarantor loans and payday loans no guarantor.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Mortgage Articles Subscribe to RSS

Payday Loans are ideal for short term borrowing
Published by James Blee on June 18th 2012 | Finance
Payday loans application process tends to be short simple and quick to complete, especially online l...
Payday Loans: short term quick cash for startling expenses
Published by Steve Kobzeff on April 14th 2012 | Finance
Payday Loans are short term hassle free Loans for all sorts of credit borrowers to help them with ca...
The coming back of the long-term fixed rate mortgage
Published by DavidVila on February 14th 2012 | Mortgage
There is a return of long-term deal of mortgage that is as long as 7 years as well as 10 years. Skip...
Versatile Repayment Options of San Diego Loans
Published by Frank Joseph on August 23rd 2012 | Mortgage
Most lenders perform background check and credit check to determine in the event the borrower can ac...
Unique Methods with San Diego Lenders
Published by Frank Joseph on August 23rd 2012 | Mortgage
San Diego lenders can supply with buyers distinctive alternatives. They will even customize them to ...
Tips and Hints in Getting Loans in San Diego
Published by Frank Joseph on August 23rd 2012 | Mortgage
Quite a few people today have located remedy to their economic troubles by means of loans in San Die...
Mortgage Loan Firms GA: Delivering a Quicker Route to Home Acquisition
Published by Avrilcopperfield on August 17th 2012 | Mortgage
Although it may take some months or years to save up money for a brand-new auto in Georgia, it's sti...
Survey shows new financial policies still unknown to Canadians
Published by Reyan Hunt on August 13th 2012 | Mortgage
Mortgage rules in Canada have changed but it is not known to half of the Canadians. This report was ...
Great structural design and implementation in the home building front
Published by Rkweb on August 8th 2012 | Mortgage
A whole lot of construction work is needed when you go for building a mega structure, be it a home o...