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Ten year fixed-rate mortgages

Money Box asked lenders about their products, details of which are below.

Norwich & Peterborough: 10 years fixed at 4.68%

This is only available until Monday, 13 February, 2006

Arrangement fee: 399

Other costs? No "costs" as such over and above arrangement fee. Just valuation / legal fees. No other fees.

Early redemption charge: 5% in first 7 years; 4% in year 8; 3% in year 9, and 2% in year 10. The percentage payable is of the balance outstanding when redemption is made, not of the initial loan.

Overpayment facility: Yes, up to 10% can be paid off each year

Flexibility: Yes, including overpayment and underpayment facilities, plus payment holidays.

Is it portable? Yes.

Loan to value amount (LTV): 90%

Norwich & Peterborough: 10 years at 4.88%, 5.08% and 5.13%

Available from 14 February

Arrangement fees: 4.88% and 5.13% is 399; 5.08% is 475 (the fee is slightly higher as this product has additional features such as free valuation and legal fees, or 200 cashback)

Other costs: Just valuation / legal fees on 4.88% and 5.13%. No other fees.

Early redemption charges: 5% in first seven years; 4% in year eight, 3% in year nine; and 2% in year 10

The percentage payable is of the balance outstanding when redemption is made, not of the initial loan.

Overpayment facility: Yes, up to 10% can be paid off each year

Flexibility: Yes, including overpayment and underpayment facilities, plus payment holidays.

Is it portable? Yes, all three are

Loan to value amount (LTV): 4.88% and 5.08% - 90% LTV; 5.13% - 95% LTV

Leeds Building Society: 10 years fixed at 4.69%

Arrangement fee: There is a completion fee which amounts to an arrangement fee and this is 0.5% of the total loan

Valuation fee: Yes, depends on the value of the property

Early redemption fee: Yes. In the first two years it is 6% of amount redeemed, in years three to six it is 5%, years seven to eight it is 4%, year nine is 3%, and year 10 is 2 %.

Overpayment facility: Yes. Up to 10% per year.

Flexibility: No payment holidays though no higher lending charge either

Portability:Yes

Loan to value amount (LTV): 80%

Leeds Building Society: 10 years fixed at 4.99%

Arrangement fee: No

Valuation fee: Free valuation up to 335 and free in-house legal services for re-mortgages

Overpayment facility:Yes. 10% per year

Flexibility: No payment holidays

Portable: Yes

Loan to value amount (LTV): 80%

Britannia: 10 years fixed at 4.99%

Arrangement fee: 100 administration fee and 399 arrangement fee

Other costs: Yes, standard valuation and solicitor fees

Early redemption charge: Yes, contact lender for details

Overpayment facility: Yes, 499 per month without incurring any penalties

Flexibility: No payment holidays

Portable: Yes

Loan to value amount (LTV): 95%

Woolwich (Barclays): 10 years fixed at 4.67%

Arrangement fee: 495

Redemption charges:Yes. 4% of balance until the end of the fixed rate term

Overpayment facility:Yes. 5% per year

Flexibility: Yes, payment holidays available.

Portable: Yes

Loan to value amount (LTV): 95%

Yorkshire Building Society: 4.69%

Arrangement fee: There is an arrangement fee of 495 plus a valuation fee which varies depending on the size of the loan (up to 100,000 = 230; to up to 150,000 = 260; up to 200,000 = 29; to 250,000 = 320; to 300,000 = 350.

Early redemption: Yes.

There are early repayment charges on the product as follows:
5% to 28/02/07
4% to 28/02/10
3% to 28/02/13
2% to 29/02/16

Overpayments: Yes. 10% per year.

Flexibility: Yes. including over and underpayments, and payment holidays Portable: Yes Loan to value amount (LTV): The maximum LTV is 95%

Halifax: Ten years fixed at 4.99%

Arrangement fee: 499. No fees on remortgages

Early redemption:Yes. 5% until 2012, 4% until 2013, 3% until 2014, 2% until 2015, 1% until 2016

Overpayment facility:Yes. 10% / annum max.

Flexibility: Can underpay to the value of any overpayment and payment holidays are by arrangement.

Portable: Yes

LTV: 95%

West Bromwich Building Society: 10 years fixed at 4.69%

Costs: 449 arrangement fee, valuation fee (max 525) is refunded on completion, customer receives free legals on a reportage, HLC is free up to 90%, charged at 9% above this (up to 95%)

Early redemption: Yes. 6% of amount repaid until 31/03/12, 5% until 31/03/13, 4% until 31/3/14, 3% until 31/03/15, 2% until 31/03/16 plus interest to the end of the month

Overpayment facility:Yes. Up to 10% per year.

Flexible: Yes. Overpay and underpay facility and payment holidays can be taken.

Portable: Yes

Loan to value amount: 95% LTV

Northern Rock: Ten years fixed

Costs and rates: Depending on the size of the customer's deposit, you may or may not pay a fee.

85% LTV at 4.99% - 695 product fee
85% LTV at 5.39% - No product fee

90% LTV at 5.19% - 695 product fee
90% LTV at 5.59% - No product fee

95% LTV at 5.39% - With a 695 product fee
95% LTV at 5.79% - No product fee

(The above rates also apply for fixed rate terms of five, seven, or 15 years)

Valuation fee: Yes. depending on loan, plus 75 Application Fee

Other costs: There are no "arrangement" fees per se for this product. Customers can choose to pay a Product fee (which can be added to their loan) to secure access to a lower rate.

A Valuation Fee and Application Fee will be required as outlined above.

Early redemption charge: Yes. 5% within years one to five, and 4% within years six to 10.

Overpayment facility: Yes, unlimited, and a Borrow Back facility.

Flexibility: Flexible features and daily interest calculation are offered as standard.

Portable: Yes.

Loan to value amount (LTV):

0 to 300,000 - 95% 300,001 to 1m - 90% 1m + - 85%



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