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Sally Botham Estates
27 Bank Road
Matlock
DE4 3NF
01629 760899
enquiries@sallybotham.co.uk
London
Tel: 020 7318 7087
The seven-year itch
Both Coventry Building Society and Barclays Bank have announced the launch of some highly-competitive 7-year fixed rates.
These deals not only offer longer term security for borrowers, but have been priced to match the cost of some of the best 5-year fixed rates currently on the market.
Deciding how long to fix your mortgage for is not an easy decision, and for some, locking in to a deal for 10 years may seem too long. These new offerings will provide a useful alternative for homeowners.
The recent vote to leave the EU has resulted in a degree of uncertainty, and this combined with falling funding costs could mean that now is the perfect time for borrowers to grab some peace of mind for the medium to long term.
These deals do carry Early Repayment Charges throughout the fixed period, so it’s important to be mindful of any potential changes in circumstances over the next few years.
Fixing for this length of time will not suit everyone, but for some a seven year deal will provide peace of mind for the future, and being able to do so at record-low rates is an added bonus.
Sally Botham Estates
27 Bank Road
Matlock
DE4 3NF
01629 760899
enquiries@sallybotham.co.uk
Tel: 020 7318 7087
As market leaders for over 22 years, we are proud to be one of Derbyshire's most trusted estate agents. With our expert advice, honest and ethical communication, and a professional yet personal service, we are ready and excited to help you with all your property needs.
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