West Bromwich Building Society has launched a range of ten-year fixed rate mortgages with no completion fee.
The Society is offering a ten-year deal fixed rate of 2.79% at a maximum loan-to-value of 65%.
For those with a smaller deposit there is a ten-year fix at 2.99% with an 80% loan-to-value.
All ten-year products have no completion fee, plus a free first standard valuation worth up to a maximum of £445 is included.
The overall cost for comparison is 3.2% APRC for the 2.79% fix and 3.4% APRC for the 2.99% product.
David Taylor, West Brom’s head of products, said: “We are pleased to be adding ten year fixes to our options for borrowers, which increases choice depending on how long they want to protect themselves for against any increases in Bank rate.
“Knowing exactly what you will be repaying each month over a longer term gives peace of mind and can help with budgeting. It also saves people the time and expense of remortgaging every few years.”
Borrowers can transfer their mortgage if they wish to purchase a new property during the term without incurring any redemption charges.
Each mortgage reverts to the West Brom’s standard variable rate at the end of the ten-year fixed rate term, which is currently 3.99%.
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