keys icon

Best 10 Year Fixed Rate Mortgage

A 10-Year Fixed Rate Mortgage will keep your mortgage repayments at a set amount for 10 years. These can be a good option for those who want a fixed payment set to allow for other budgeting needs over a long period of time.

Check the best 10-Year Fixed Rate Mortgages available today in our comparison chart below.

Advertisement

Compare fixed rate mortgage terms

Best 10 Year Fixed Rate Mortgages

Best 10 Year Fixed Rate Mortgages

Press to increase amount Press to decrease amount
Press to increase value Press to decrease value

We found 58 products in total, of which 14 have links to providers.

Press for help tip

Selecting ‘Provider Links First’ brings all products that you can apply for directly via Moneyfacts to the top of the chart in rate order. Products that do not have an ‘Go To Provider's Site’ button will appear below, again in rate order. Selecting an option from the drop-down will change the chart to list all products in order depending on the option you have selected, with the best rate being at the top. Products that have ‘Go To Provider's Site’ links will still be in the list but in rate position.

We are searching our databases for your products...

  • first direct Fixed
    Rate
    4.64%
    4.64% Fixed for 10 years
    reverting to 6.99%
    APRC
    5.5%
    Max LTV
    75%
    Product Fees
    £490.00
    Initial Payment
    £1,229.10
    Total Over
    Check Eligibility
  • first direct Fixed
    Rate
    4.64%
    4.64% Fixed for 10 years
    reverting to 6.99%
    APRC
    5.5%
    Max LTV
    60%
    Product Fees
    £490.00
    Initial Payment
    £1,229.10
    Total Over
    Check Eligibility
  • first direct Fixed
    Rate
    4.79%
    4.79% Fixed for 10 years
    reverting to 6.99%
    APRC
    5.6%
    Max LTV
    60%
    Product Fees
    £0.00
    Initial Payment
    £1,247.88
    Total Over
    Check Eligibility
  • first direct Fixed
    Rate
    4.79%
    4.79% Fixed for 10 years
    reverting to 6.99%
    APRC
    5.6%
    Max LTV
    75%
    Product Fees
    £0.00
    Initial Payment
    £1,247.88
    Total Over
    Check Eligibility
  • first direct Fixed
    Rate
    4.79%
    4.79% Fixed for 10 years
    reverting to 6.99%
    APRC
    5.6%
    Max LTV
    80%
    Product Fees
    £490.00
    Initial Payment
    £1,247.88
    Total Over
    Check Eligibility
  • Nationwide BS Fixed
    Rate
    4.83%
    4.83% Fixed for 10 years
    reverting to 7.99%
    APRC
    6.0%
    Max LTV
    60%
    Product Fees
    £999.00
    Initial Payment
    £1,252.91
    Total Over
    Go To Provider's Site
  • first direct Fixed
    Rate
    4.94%
    4.94% Fixed for 10 years
    reverting to 6.99%
    APRC
    5.7%
    Max LTV
    80%
    Product Fees
    £0.00
    Initial Payment
    £1,266.80
    Total Over
    Check Eligibility
  • Nationwide BS Fixed
    Rate
    4.94%
    4.94% Fixed for 10 years
    reverting to 7.99%
    APRC
    6.0%
    Max LTV
    60%
    Product Fees
    £0.00
    Initial Payment
    £1,266.80
    Total Over
    Go To Provider's Site
  • Yorkshire Building Society Fixed
    Rate
    5.24%
    5.24% Fixed to 31/10/2034
    reverting to 8.24%
    APRC
    6.3%
    Max LTV
    75%
    Product Fees
    £1,495.00
    Initial Payment
    £1,305.07
    Total Over
    Go To Provider's Site
  • Yorkshire Building Society Fixed
    Rate
    5.34%
    5.34% Fixed to 31/10/2034
    reverting to 8.24%
    APRC
    6.3%
    Max LTV
    75%
    Product Fees
    £0.00
    Initial Payment
    £1,317.96
    Total Over
    Go To Provider's Site
Representative Example
Note

Mortgage Advice Bureau offers fee free mortgage advice for Moneyfacts visitors that call on 0808 149 9177 or email moneyfacts@mab.org.uk. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%.

Any contractual relationship will be with Mortgage Advice Bureau.

Disclaimer

Credit will be secured by a mortgage on your property. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.

Provider Links

‘Go To Provider's Site’ links are where we have an arrangement with a provider so you can move directly from our site to theirs to view more information and apply for a product. We also use ‘Speak to A Broker’ links where we have an arrangement with a preferred broker to move you directly to their site. Depending on the arrangement we may receive a modest commission either when you press a 'Go To Provider's Site' or 'Speak To A Broker' button, when you call an advertised number or when you complete an application following a link from our website.

10 year fixed rate mortgages explained

What is a 10 year fixed rate mortgage?

10-year fixed rate mortgages ‘freeze’ your mortgage repayments at a set figure for 10 years. This is popular with people who like to know exactly what they will be paying for their mortgage over a longer period, enabling them to budget effectively. The only drawback can be that if interest rates drop during the term of your mortgage then you may find yourself paying more than if you had been on a variable rate or shorter-term deal.

 

Receive the latest news, straight to your inbox

All of our newsletters are available free by email to all Moneyfactscompare.co.uk users.

Send me Weekend Moneyfactscompare, Savers Friend, Companies Friend and selected third-party offers.

Is it a good idea to fix my mortgage for 10 years?

The answer to this very much depends on both your own circumstances and what is likely to happen to interest rates over the next decade. 10 years is a long time and, as yet, no-one has managed to successfully predict with 100% accuracy what will happen to interest rates over such a long period of time.

The only solution is to make a judgement call based on what is good for you. Having fixed mortgage payments for a long-time gives you a great deal of certainty on what you’ll be paying – if this suits your personal circumstances then you probably think this outweighs the possibility that rates will drop even further.

If you are uncertain then you might want to consider locking your rate in for a lesser period, like five year mortgages, instead of the full 10.

 

Pros and cons of 10 year fixed rate mortgages

  • You can budget for the long-term, safe in the knowledge that your mortgage repayments will remain the same for 10 years
  • You protect yourself from any interest rate rises that might occur over the decade
  • 10 year long-term mortgages offer some of the lowest interest rates of any fixed term deals
  • The rising popularity of this type of mortgage means that choice and competition are improving – giving you more scope to choose the best deal for you
  • Many of these mortgages are portable – meaning that you can move home and take you mortgage deal with you
  • Fixing for shorter periods mean you must pay a fee each time you do this. With a long-term fixed rate fee you only one lot of fees for the decade
  • If mortgage rates go down then you may find yourself locked in to paying over the odds for your mortgage until your deal ends
  • Fixed rates with a smaller term offer you the benefit of being able to move deals more frequently
  • Your circumstances could change dramatically in 10 years
  • Potentially very high early repayment fees
  • No ability to move to a better deal by taking advantage of improving Loan-to-Value during the fixed rate period.

Should I speak to a mortgage broker?

Mortgage brokers remove a lot of the paperwork and hassle of getting a mortgage, as well as helping you access exclusive products and rates that aren’t available to the public. Mortgage brokers are regulated by the Financial Conduct Authority (FCA) and are required to pass specific qualifications before they can give you advice.

 

Speak to an award-winning mortgage broker today

 

MAB is the preferred mortgage broker of MoneyfactsCompare

 

Mortgage Advice Bureau logo

Get friendly, expert advice free of charge as a visitor of MoneyfactsCompare

Mortgage Advice Bureau have 1,600 UK advisers with 200 awards between them.

Speak to an award-winning mortgage broker today.

Call 0808 149 9177 or request a callback

Mortgage Advice Bureau offers fee free mortgage advice for MoneyfactsCompare visitors that call on 0808 149 9177. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%. Lines are open Monday to Friday 8am to 8pm and Saturday 9am to 1pm excluding bank holidays. Calls may be recorded.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Mortgage guides

More guides
guides icon
Repay your mortgage or contribute to your pension? A UK guide

Deciding whether to increase your mortgage payments or pension contribution can have a significant effect on your finances. As a starting point, our preferred independent financial adviser company Kellands encourages consumers to align their mortgage term with their preferred retirement date.

Deciding whether to increase your mortgage payments or pension contribution can have a significant effect on your finances.

Read More
guides icon
Overseas Mortgages Explained

You must get an ‘overseas mortgage’ to purchase a house abroad – normally from a lender in the country you want to purchase in.

You must get an ‘overseas mortgage’ to purchase a house abroad – normally from a lender in the country you want to purchase in.

Read More
guides icon
What are mortgage exit / redemption fees?

Borrowers may not realise that many mortgage providers charge exit/redemption fees. Read our complete guide to find out more.

Borrowers may not realise that many mortgage providers charge exit/redemption fees. Read our complete guide to find out more.

Read More
guides icon
Tips on finding the best estate agent

Your choice of estate agent can play a crucial part in the process of buying or selling a property. Take your time and make sure that you know exactly what services are being offered. Our helpful guide explains what to look for.

Your choice of estate agent can play a crucial part in the process of buying or selling a property. Our helpful guide explains what to look for.

Read More

Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.

Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.