20-year, 25-year, 30-year and 40-year fixed rate mortgages | Finder UK

20-year, 25-year, 30-year and 40-year fixed rate mortgages

Its extremely rare to find a long term fixed rate mortgage in the UK above 15 years, but there are some long-term options.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

A long term fixed rate mortgage may seem like a good idea if you’re settled in your home and don’t fancy dealing with interest rate fluctuations.

Unfortunately, there are no lenders in the UK offering fixed-rate mortgages for this long.

Nevertheless, there’s a growing range of 10-year fixed rate mortgages being made available. Those looking for a long-term fix might therefore want to consider locking down your interest for a decade.

Compare all your options, as some providers require a deposit of up to 50% for long-term fixed rate mortgages.

How do fixed rate mortgages work?

With a fixed rate mortgage, the interest rate you pay is locked over the duration of the fixed term. It means there’s no confusion surrounding what your monthly repayments will be over the length of the fixed term. This makes it easier to manage your household budget and save for larger long-term purchases. With other types of mortgage, such as tracker mortgages, the rate will fluctuate based on the Bank of England (BoE) base rate.

Frequently asked questions about fixed rate mortgages

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site