Today news
About the same in other media
16.12 - 22:13
15.12 - 13:29
Homebuyers offered 40-year fixed-rate mortgage by UK lender
Reading now: 759
A mortgage offering fixed monthly payments for 40 years was launched this week – and it could mean that some homebuyers will be able to borrow more money than with a standard deal.
The Flexi Fixed for Term deal from Kensington Mortgages allows borrowers to fix their interest rate for the full term of the loan, which can be set anywhere between 11 and 40 years.
It is similar to one launched earlier this year by the lender Habito, which is still available and also offers a fixed rate for up to 40 years.
The Kensington deal rates on a 60% loan-to-value (LTV) mortgage start at 2.83% for a 15-year term and go up to 3.34% for a 40-year fix.
The loan is available up to 95% LTV for new purchases or 85% for remortgages. Rates are higher on the larger
Read more on theguardian.comAbout this in other media
UK inflation jumps to 10-year high as petrol prices soar theguardian.com /2 years ago
Sergei Tikhanovskaya, the husband of Belarus opposition leader Svetlana, given 18-year jail term euronews.com /2 years ago
UK unemployment rate falls despite end of job furlough scheme theguardian.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
