The best UK fixedrate mortgages 2017
If you want to fix your mortgage repayments, here are the top deals now.
Yorkshire Building Society has launched a 0.99% twoyear fixedrate mortgage for borrowers with a 20% deposit or equity in their home.
However, it’s only available through mortgage brokers, so you will need to go through Accord Mortgages, Yorkshire Building Society’s lending arm to get the deal.
The 80% loantovalue deal is the cheapest rate ever offered to those with a 20% deposit.
But is a twoyear deal the right one for you? We take a look at the advantages of going for a fixedrate deal and compare the best buys across two, five and tenyear deals.
Why go for a fixedrate mortgage?
Fixedrate mortgages are very popular, and it’s easy to understand why.
They provide you with certainty – you know that for the length of your fixedrate period, your repayments will remain exactly the same each month, no matter what the Bank of England does with the Base Rate.
However, knowing that you want to fix your mortgage rate is only half the decision. You need to work out how long you want to fix for too.
Twoyear fixed rate mortgages are the cheapest, but you only have certainty about your mortgage payments for a brief period of time.
If you want the added security of a fiveyear fixedrate, you’ll pay a premium in the form of a higher interest rate.
Longterm fixed rates also come with much higher Early Repayment Charges, so you might need to take that into account too.
Top twoyear fixedrate mortgages
First, let’s look at the twoyear fixedrate mortgages with the lowest rates around. Be warned, nabbing a tiny interest rate usually means you’ll have a stump up a hefty product fee.
Lender 
LTV 
Rate 
Fee 
ERCs 
60% 
0.99% 
£1,495 
2% in the first year, then 1% until the end of the fixed period. 

65% 
1.13% 
£999 
3% until the end of the fixed period. 

70% 
1.14% 
£999 
2% in the first year, then 1% until the end of the fixed period. 

75% 
1.13% 
£995 
2% in the first year, then 1% until the end of the fixed period. 

80% 
0.99% 
£1,495 
2% in the first year, then 1% until the end of the fixed period. 

85% 
1.27% 
£995 
3% in the first year, then 2% until the end of the fixed period. 

90% 
1.89% 
£995 
2% in the first year, then 1% until the end of the fixed period. 

95% 
3.30% 
£995 
2% in the first year, then 1% until the end of the fixed period. 
As you can see, the rates on the top deals tend to command a big fee. So, we’ve also picked out the best rates on twoyear deals with a fee of under £500.
Lender 
LTV 
Rate 
Fee 
ERCs 
60% 
1.35% 
£295 
3% in the first year, then 2% until the end of the fixed period. 

65% 
1.29% 
£500 
3% in the first year, then 2% until the end of the fixed period. 

70% 
1.49% 
£0 
2% in the first year, then 1% until the end of the fixed period. 

75% 
1.39% 
£295 
3% in the first year, then 2% until the end of the fixed period. 

80% 
1.58% 
£295 
3% in the first year, then 2% until the end of the fixed period. 

85% 
1.68% 
£295 
3% in the first year, then 2% until the end of the fixed period. 

90% 
2.1% 
£0 
2% in the first year, then 1.5% until the end of the fixed period. 

95% 
3.2% 
£0 
3% until the end of the fixed period. 
Compare mortgages with loveMONEY
Fiveyear fixedrate mortgages
If you want to go for a longerterm fixed rate deal, then you may prefer a fiveyear fixed rate deal.
While you enjoy that security for longer, you may have to pay a premium in terms of a higher rate. You also have significant Early Repayment Charges to consider should you wish to leave the deal early.
Lender 
LTV 
Interest rate 
Product fees 
ERCs 
60% 
1.59% 
£999 
5% of the amount redeemed until 2018 4% of the amount redeemed until 2019 3% of the amount redeemed until 2020 2% of the amount redeemed until 2021 1% of the amount redeemed until 2022 

65% 
1.69% 
£999 
5% until 2018, 1% until 2022 

70% 
1.74% 
£999 
5% of the amount redeemed until 2018 4% of the amount redeemed until 2019 3% of the amount redeemed until 2020 2% of the amount redeemed until 2021 1% of the amount redeemed until 2022 

Atom Bank* 
75% 
1.69% 
£1,120 
5% until 2018, 
80% 
1.89% 
£1,999 
5% until 2018, 

Atom Bank* 
85% 
1.99% 
£1,120 
5% until 2018, 
Atom Bank* 
90% 
2.39% 
£1,120 
5% until 2018, 
*Available via intermediaries
And now let’s take a look at the best deals with a fee of under £500.
Lender 
LTV 
Interest rate 
Product fees 
ERCs 
Atom Bank* 
60% 
1.74% 
£220 
5% until 2018, 
65% 
1.98% 
£0 
4% of the outstanding loan balance 

70% 
1.99% 
£0 
5% of the amount redeemed until 2018 4% of the amount redeemed until 2019 3% of the amount redeemed until 2020 2% of the amount redeemed until 2021 1% of the amount redeemed until 2022 

Atom Bank* 
75% 
1.79% 
£220 
5% until 2018, 
Atom Bank* 
80% 
1.89% 
£220 
5% until 2018, 
85% 
2.11% 
£0 
4% of the sum repaid until 30/11/2019, then 3% until 30/11/2021, then 2% 30/11/2022 

Atom Bank* 
90% 
2.49% 
£220 
5% until 2018, 
*Available via intermediaries
Looking for a mortgage? Compare rates
Tenyear fixedrate mortgages
A tenyear fixed rate can offer longterm piece of mind and the market is booming.
Again the longer security means a higher rate and significant ERCs to consider should you wish to leave the deal early.
Here are the top rates at the moment.
Lender 
LTV 
Interest rate 
Product fees 
ERCs 
Coventry Building Society 
50% 
2.55% 
£999 
5%, 5%, 3%, 3%, 3%, 1%, 1%, 1%, 1%, then 1% until end of fixed period. 
60% 
2.49% 
£0 
3% in year 1, then 2% until end of fixed period 

65% 
2.59% 
£999 
6%, 6%, 5%, 5%, 5%, 5%, 4%, 4%, 3% then 2% until end of fixed period 

70% 
2.69% 
£0 
10% then 9% then 8% then 7% then 6% then 5% then 4% then 3% then 2% then 1% until end of fixed period 

75% 
2.64% 
£0 
3% in year 1 then 2% until end of fixed period. 

80% 
2.69% 
£999 
5% until the end of the fixed period. 

85% 
3.33% 
£0 
5% to 31 January 2019 

90% 
3.89% 
£999 
7% for four years, then 6%, 5%, 4%, 3%, 2% and 1% until end of fixed period 
As you can see, although these best buy deals offer eyecatching low rates, many also carry hefty fees. So here are the best 10year fixedrate deals with fees under £500.
Lender 
LTV 
Interest rate 
Product fees 
ERCs 
60% 
2.49% 
£0 
3% in year 1, then 2% until end of fixed period 

65% 
2.94% 
£0 
5% to 31 January 2019 

70% 
2.69% 
£0 
10% then 9% then 8% then 7% then 6% then 5% then 4% then 3% then 2% then 1% until end of fixed period 

75% 
2.64% 
£0 
3% in year 1 then 2% until end of fixed period. 

80% 
2.89% 
£0 
3% in year 1 then 2% until end of fixed period 

85% 
3.33% 
£0 
5% for year 1, 4% for year 2, 3% for year 3, 2% for year 4, 1% for year 5. 

90% 
3.99% 
£0 
7% for four years, then 6%, 5%, 4%, 3%, 2% and 1% until end of fixed period 
This loveMONEY article is regularly updated
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