British lender Kensington Mortgages is to launch fixed-rate mortgages of up to 40 years on Tuesday in what will be one of the first products of its kind in the UK market.
The lender has partnered with Rothesay, the UK’s largest pensions insurance specialist which has more than £60bn in assets, to finance the longer-dated mortgages.
Its “Flexi Fixed for Term” mortgages will allow borrowers to fix the rate paid on their mortgage for the full term of the loan — anywhere between 11 and 40 years.
The long-term mortgages come amid concerns about rising inflation and increasing expectations that the Bank of England will need to raise interest rates to tackle it.
Mark Arnold, chief executive at Kensington Mortgages, said that while many homeowners had never known anything but ultra-low interest rates, the environment was likely to change.
“Nothing lasts forever and it looks very likely that we will see a succession of interest rate hikes and we may begin to slowly approach again an historical average,” he added. “A fixed-for-term mortgage — already very popular in some parts of continental Europe — is likely to become increasingly attractive in a rate-rising environment.”
Rates will depend on the fixed term chosen and amount borrowed. A 95 per cent loan to value mortgage will be available for new purchases and 85 per cent LTV for remortgage.
For the longest-dated mortgages of 35 years and 40 years, rates will start at 3.16 per cent and 3.34 per cent respectively, at a 60 per cent LTV. Rates at the shorter end of mortgage terms will be lower — starting at 2.83 per cent for a 15-year product at the same LTV. For 25 and 30-year terms, rates will be available from 2.85 per cent and 2.90 per cent respectively.
The FT reported last month that Rothesay was preparing to launch longer-dated mortgages in the UK.
Lengthening the traditional fixed-rate mortgage is a stated priority of the UK government and would break with the trend of switching deals every two or three years.
John Glen, economic secretary to the Treasury, welcomed the development. “Greater product choice creates more competition and more options for consumers, in this case particularly those who value certainty in their repayments over a longer period of time,” he said.
Long-dated fixed-rate mortgages are an attractive area of the market for Rothesay because it needs fixed, long-term assets to match up with its fixed, long-term liabilities. The pension insurer is expecting to announce further partnerships with other lenders soon.
“We are always looking for innovative ways to invest in long-term, secured and high-quality assets,” said Prateek Sharma, chief investment officer at Rothesay. He added that the company “firmly believe that these mortgages can provide the certainty that many borrowers are looking for”.
Online broker and lender Habito in March launched a long-term fixed-rate mortgage with a maximum deal period of 40 years starting at 2.99 per cent. Borrowers pay a rate of 4.45 per cent for a mortgage term of 31 to 35 years on 60 LTV, rising to 4.65 per cent for a term between 36 and 40 years.
thank you so much for this amazing web site me and my class best-loved this contentedness and penetration
order levaquin 500mg online order levaquin online
dutasteride oral purchase tamsulosin for sale purchase zofran
spironolactone 25mg tablet diflucan 200mg usa purchase fluconazole for sale
order ampicillin buy sulfamethoxazole pills erythromycin 250mg for sale
sildenafil online order sildenafil buy online robaxin price
suhagra 100mg without prescription sildenafil dosage buy estradiol 2mg without prescription
lamotrigine 200mg sale prazosin 1mg cheap retin gel us
oral tadalafil order tadacip 10mg voltaren medication
isotretinoin 10mg brand generic azithromycin 500mg cost zithromax 500mg
indomethacin 75mg pill indocin 50mg without prescription buy trimox 250mg without prescription
buy cialis the buy cialis sildenafil 50mg drug
order anastrozole 1mg pills biaxin 250mg tablet viagra 100mg cheap
generique tadalafil 5mg cialis 20mg prix acheter 25mg sildenafil
cost deltasone 40mg cialis tablet yan etkileri viagra sildenafil 25mg
cialis 20mg generika rezeptfrei kaufen cialis 20mg ohne rezept sildenafil 50mg bestellen
accutane price buy generic stromectol 6mg ivermectin 0.08
order doxycycline online doxycycline uk order generic furosemide
ramipril 10mg ca buy clobetasol sale buy azelastine sprayer
clonidine oral antivert 25mg drug tiotropium bromide medication
buspar 10mg uk buy oxybutynin oxybutynin 2.5mg us
order hytrin 1mg for sale purchase sulfasalazine generic azulfidine online order
fosamax 35mg price oral pepcid buy pepcid 20mg for sale
cheap benicar 20mg brand acetazolamide 250 mg acetazolamide 250mg sale
tacrolimus 1mg ca ropinirole 1mg usa ursodiol 150mg cost
imdur tablet buy lanoxin 2250 mg sale micardis 80mg usa
zyban pills bupropion 150 mg without prescription quetiapine 50mg oral
order molnupiravir 200mg online cheap order naprosyn 250mg online cheap cheap prevacid 15mg
zoloft 50mg cheap buy escitalopram 10mg online sildenafil mail order
salbutamol cheap viagra 100mg purchase sildenafil online cheap
buy tadalafil 10mg without prescription viagra price in malaysia buy viagra 100mg generic
buy generic cialis 10mg tadalafil tablet order symmetrel 100 mg online
generic naltrexone 50mg buy revia 50 mg pills buy abilify 20mg generic
cheap dapsone 100 mg order avlosulfon generic perindopril 4mg drug
cost provera 10mg order medroxyprogesterone generic brand periactin 4mg
purchase modafinil online provigil cheap stromectol cream
fluvoxamine 50mg canada ketoconazole sale glucotrol 10mg price
accutane 10mg drug deltasone 40mg us deltasone 10mg drug
zithromax cheap buy zithromax 250mg sale buy gabapentin 600mg for sale
buy lasix 100mg furosemide medication order hydroxychloroquine 200mg pills
buy tadalafil 20mg buy clomipramine 25mg pill anafranil uk
buy aralen generic generic baricitinib 2mg buy baricitinib 2mg generic
buy itraconazole 100mg pill sporanox sale brand tindamax
glycomet 1000mg generic order tadalafil cialis buy online
order zyprexa 10mg generic nebivolol pills cost valsartan 80mg
norvasc sale pfizer viagra 50mg cheap tadalafil
order clozapine without prescription buy clozapine 50mg buy decadron 0,5 mg pill
order viagra 50mg online cheap sildenafil next day order lisinopril 10mg pills
order linezolid without prescription poker game online gambling slots games
order prilosec 20mg custom dissertation services online roulette wheel
order metoprolol 50mg order vardenafil 10mg generic vardenafil 10mg tablet
paper writing websites free roulette online play money poker online
purchase levitra generic pregabalin ca medrol online
help writing papers for college online assignment writer buy generic sildenafil 100mg
purchase clomiphene blackjack game play slots online
order tadalafil pill buy tadalafil 40mg pills sildenafil 100mg without prescription
order aristocort pill order aristocort 10mg online purchase desloratadine
order dapoxetine 90mg for sale synthroid 75mcg uk cheap synthroid generic
order cialis 20mg pill cost viagra overnight viagra delivery
buy xenical 60mg pills buy zovirax sale buy acyclovir 800mg without prescription
cheap tadalafil 20mg clopidogrel tablet clopidogrel 150mg over the counter
zyloprim price allopurinol 300mg cost zetia 10mg cost
brand methotrexate order methotrexate sale buy generic metoclopramide 10mg
cozaar 50mg oral topiramate 200mg tablet buy topamax online cheap
baclofen 25mg usa tizanidine 2mg over the counter buy generic ketorolac
buy imitrex 25mg without prescription order levofloxacin 500mg generic purchase dutasteride online cheap
buy colchicine generic online blackjack for money poker online games
ranitidine ca celecoxib 200mg cheap celecoxib 200mg sale
best online casino for money online blackjack game live dealer blackjack
oral flomax generic spironolactone 100mg purchase aldactone pill
cialis 10mg cost cialis 20mg without prescription order ciprofloxacin 1000mg sale
buy generic zocor 20mg zocor generic order propecia 5mg pills
order metronidazole 200mg pill buy generic augmentin sulfamethoxazole price
order fluconazole without prescription purchase viagra for sale sildenafil 100mg over the counter
keflex buy online buy keflex 125mg pills erythromycin 500mg cheap
cialis 40mg pills cialis 20mg viagra 50mg drug
cheap generic viagra order viagra 100mg generic order cialis 20mg pill
ceftin for sale bimatoprost pills robaxin 500mg usa
casino games free cialis us buy generic tadalafil 40mg
desyrel 100mg pill aurogra 50mg tablet buy aurogra
best college paper writing service buy an essay online cheap ivermectin gel
sildenafil 50mg pills for men estrace medication lamotrigine 200mg pills
buy deltasone generic buy accutane online cheap order amoxil pill
viagra pills 25mg sildenafil 100mg pills for men cialis drug
purchase azithromycin generic order azithromycin for sale neurontin 600mg usa
slots casino erection problems cialis 5mg without prescription
casinos online order stromectol pill cost modafinil 100mg
cheap furosemide 100mg order plaquenil 200mg online cheap buy plaquenil pill
prednisone 40mg pills minipress 2mg pill oral mebendazole 100mg
sildenafil 100mg cheap sildenafil sale buy budesonide
Your article has answered the question I was wondering about! I would like to write a thesis on this subject, but I would like you to give your opinion once 😀 totosite
tretinoin cream brand order tadalafil pills avana 200mg cheap
tadacip 10mg us diclofenac order online buy generic indomethacin
order lamisil 250mg generic terbinafine pill amoxicillin 500mg for sale
naprosyn drug buy generic lansoprazole purchase lansoprazole without prescription
proventil for sale online cipro 1000mg usa ciprofloxacin for sale
montelukast 10mg without prescription purchase montelukast online cost sildenafil 100mg
order cialis 20mg pill cialis discount tadalafil 40mg tablet
ivermectin 3mg without a doctor prescription stromectol 6mg oral order dapsone 100mg
best website for writing essays letter writing services azulfidine 500 mg canada
order doxycycline 200mg generic cleocin 150mg for sale buy clindamycin sale
cost asacol 800mg buy azelastine 10ml without prescription irbesartan for sale
order acetazolamide 250mg generic order generic imuran 25mg imuran 25mg tablet
clobetasol for sale purchase clobetasol online cheap buy cordarone 100mg for sale
order amoxicillin for sale buy stromectol 6mg sale ivermectin 3mg tablets
carvedilol 25mg usa order coreg 6.25mg generic order generic elavil
dapoxetine pills purchase avana pills purchase motilium
indocin order online cenforce over the counter order cenforce 100mg for sale
pamelor pills buy pamelor buy paroxetine 20mg
purchase pepcid buy mirtazapine 30mg for sale remeron generic
doxycycline price order chloroquine pills buy methylprednisolone 8mg online
ropinirole 1mg usa rocaltrol 0.25mg sale trandate 100mg usa
buy fenofibrate 200mg generic fenofibrate online cost sildenafil 100mg
nexium for sale online clarithromycin cheap furosemide 100mg ca
buy minocin 50mg neurontin 600mg drug purchase terazosin generic
tadalafil medication levitra store where can i buy ed pills
glucophage 500mg brand buy verapamil 240mg online cheap order tamoxifen 20mg pill
buy modafinil 200mg for sale modafinil 100mg price order promethazine 25mg sale
order clomid pill brand clomid order prednisolone
order deltasone 40mg generic amoxil 1000mg pills order amoxil 250mg generic
brand accutane 20mg brand ampicillin buy ampicillin pill
order sildenafil generic purchase fildena for sale order propecia 1mg generic
ivermectin 6mg without a doctor prescription buy ed pill prednisone 5mg pills
you have a great blog here! would you like to make some invite posts on my blog?
ondansetron 8mg ca generic sulfamethoxazole buy bactrim online
absorica order order zithromax 250mg generic generic zithromax 250mg
ventolin 4mg for sale synthroid 150mcg ca amoxiclav price
prednisolone 20mg pill order gabapentin without prescription purchase furosemide sale
provigil 200mg cost purchase lisinopril for sale buy metoprolol 50mg