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Apply for a 10 Year Fixed Rate Mortgage with L&C

If you’re looking for a 10 year fixed rate mortgage, L&C can help you find the best deal to suit your needs.

Just fill in our online Mortgage Finder, and we’ll search 100s of deals to find you the top 10 year fixed rate mortgage recommendation for you.

You can track your application online 24/7, and a dedicated case manager will work on your behalf to ensure the process goes smoothly.

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Finding the Best 10 Year Fixed Rate Mortgage

Fixed rate mortgages can provide valuable peace of mind that your monthly payments won’t change if interest rates go up. Opting for a 10 year fixed rate deal means that you’ll have budgeting certainty for a whole decade.

Something to bear in mind is that there will typically be an Early Repayment Charge (ERC) to pay if you want to leave a fixed rate mortgage early. If you’re considering a long term deal it’s important to consider any changes that could occur over the next decade, and whether more flexibility is needed.

Most fixed rate mortgages are portable if you move home during the initial deal period, but you’ll need to meet your lender’s eligibility criteria at the time.

Remember too that with a 10 year fixed rate you’ll save money if interest rates go up, but if rates fall, you won’t benefit from lower payments.

If you’re not sure about locking into a fixed rate mortgage for such a long period but want the security they can provide, there’s a wide choice of shorter fixed rate term mortgages to choose from, including 2, 3 and 5 year fixed rate mortgages.

You can read more about the pros and cons in our guide ‘What is a fixed rate mortgage and how do they work ?’

10 year fixed rate mortgage FAQs

What is a 10 year fixed rate mortgage?

A 10 year fixed rate mortgage is when the interest rate you pay is fixed for 10 years.

Your monthly payments won’t change during this 10 year period, even if interest rates rise or fall.

What is the best 10 year fixed rate mortgage?

The best 10 year fixed deal for you will depend on how much you’re borrowing and how big a deposit you have to put down, or how much equity you have if remortgaging. Check out our mortgage best buys to see the best deals currently available and try our Mortgage Finder to see which ones you’re eligible for.

Are 10 year fixed rate mortgages a good idea?

If you want peace of mind that your mortgage payments will remain the same for several years, a 10 year fixed rate mortgage could be the right option for you. Find out more about the benefits and drawbacks of fixed rate mortgages in our guide ‘What is a fixed rate mortgage and how do they work?’