Is now the right time to fix for 5-years?

[THIS ARTICLE WAS PUBLISHED ON 03 MAY 2017 AND NOT ALL THE RATES MENTIONED ARE NOW STILL AVAILABLE - PLEASE CALL OUR OFFICE FOR AN UPDATE]

A lender has launched the lowest 5-year fix available on the market for borrowers who have a 60% loan to value at a very attractive rate of 1.59%. There are also a number of other eye catching rates for borrowers who have smaller deposits or require a Buy to Let mortgage.

To celebrate opening their first office on the Isle of Dogs Bennison Brown are offering free mortgage reviews to see if you could benefit from switching mortgage providers. This is a great opportunity to get advice from someone who has knowledge and expertise without costing you a penny.

Michael Bennison, co-owner of Bennison Brown, explains "Consumers can often benefit by changing mortgage providers but are reluctant to get advice.  This is sometimes because they are concerned about the cost and whether they will receive impartial advice.  I created this business as I wanted local people to have somewhere they can go and get trusted advice without having to be concerned about the cost".

Bennison Brown can often save clients a significant amount of money by exploring all options available in the marketplace.  You can call us on 0207 427 6067 and speak to a local adviser immediately without having to book an appointment.  We pride ourselves on ease of doing business and are proud of all the 5 star reviews we have received.

Your home may be repossessed if you do not keep up repayments on your mortgage. you may have to pay an early repayment charge to your existing lender if you remortgage.

The Lowest 5 Year Fixed Rates:

60% Loan to Value

from

1.59%

Representative Example 2.97% APRC, based on borrowing £120,000 over 25 years on a 1.59% fixed rate until 31st December 2022, giving 61 monthly payment of £485.01, followed by 239 payments of £587.31 on a variable rate (currently 3.69%). Total amount payable £170,981.70, including the following one off costs - £900 arrangement fee, £30 transfer fee, £99 application fee. Your home may be repossessed if you do not keep up repayments on your mortgage.

75% Loan to Value

from

1.74%

Representative Example 3.02% APRC, based on borrowing £130,000 over 25 years on a 1.74% fixed rate until 31st December 2022, giving 61 monthly payment of £534.70, followed by 239 payments of £638.38 on a variable rate (currently 3.69%). Total amount payable £186,218.52, including the following one off costs - £900 arrangement fee, £30 transfer fee, £99 application fee. Your home may be repossessed if you do not keep up repayments on your mortgage.

80% Loan to Value

from

1.85%

Representative Example 4.14% APRC, based on borrowing £130,000 over 25 years on a 1.85% fixed rate until 1st December 2022, giving 61 monthly payment of £541.57, followed by 239 payments of £745.38 on a variable rate (currently 5.49%). Total amount payable £212,180.59, including the following one off costs - £800 arrangement fee, £199 booking fee. Your home may be repossessed if you do not keep up repayments on your mortgage.

85% Loan to Value

from

1.99%

Representative Example 3.16% APRC, based on borrowing £130,000 over 25 years on a 1.99% fixed rate until 30th November 2022, giving 60 monthly payment of £550.38, followed by 240 payments of £645.64 on a variable rate (currently 3.75%). Total amount payable £188,886.40, including the following one off costs - £900 arrangement fee, £10 transfer fee. Your home may be repossessed if you do not keep up repayments on your mortgage.

90% Loan to Value

from

2.39%

Representative Example 3.32% APRC, based on borrowing £130,000 over 25 years on a 2.39% fixed rate until 30th November 2022, giving 60 monthly payment of £576.03, followed by 240 payments of £651.06 on a variable rate (currently 3.75%). Total amount payable £191,726.20, including the following one off costs - £900 arrangement fee, £10 transfer fee. Your home may be repossessed if you do not keep up repayments on your mortgage.

95% Loan to Value

from

3.99%

Representative Example 4.80% APRC, based on borrowing £130,000 over 25 years on a 3.99% fixed rate until 31st December 2022, giving 61 monthly payment of £685.47, followed by 239 payments of £758.84 on a variable rate (currently 5.19%). Total amount payable £223,398.93, including the following one off costs - £20 transfer fee, £85 mortgage exit fee, £117.50 lender conveyancing fee. Your home may be repossessed if you do not keep up repayments on your mortgage.

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