10 year fixed products are getting harder to find...

Customers seeking a 10-year fixed mortgage deal are faced with a reduced range of options as lenders retreat from this part of the market.

Recent analysis by Moneyfactscompare.co.uk shows a discernible downturn in the provision of 10 yr fixed agreements.

Several lenders, including Leeds Building Society, The Co-operative Bank, and the Co-op’s intermediary arm Platform have recently withdrawn their 10 yr fixed mortgage products.

Consequently, the number of 10 yr fixed mortgages has decreased from 169 to 159 deals in the past week alone. The average rate on a 10 yr fixed mortgage has also risen from 4.99% to 5.06% since the beginning of April 2023.

If you are currently consider your mortgage options, please get in touch. Initial enquiries are free and no obligation.