Best 5 year fixed rate mortgage

What is a 5 year fixed rate mortgage?

A 5 year fixed rate mortgage means your interest rate and the monthly mortgage payments are set for 5 years. It’s a great option if you’re looking for long term repayment stability

How to find your best 5 year fixed mortgage deal

• Use our Mortgage Finder to find your best deal
• We'll find you an expert mortgage adviser to help you through the process
• Go online to start application when you're ready

Why use an L&C mortgage adviser

With L&C, you’ll get fee free, expert advice from one of our dedicated mortgage advisers. You’ll also be able to:

• Compare live mortgage rates online in minutes
• Use our Mortgage Finder to compare mortgage rates
• Get help at every step from a dedicated mortgage adviser

From your first search through to application and approval, L&C do the legwork, so you don’t have to.

What you’ll need to apply

If you want the best 5 year fixed rate deal, you’ll need to show lenders you can afford the monthly repayments. They’ll usually ask for:

• 3–6 months of pay slips
• 6 months of bank statements
• Proof of any benefits received
• P60 from your employer
• Utility bills
• Tax returns or accounts if you’re self-employed

What is the average 5 year fixed mortgage rate?

Mortgage rates change day to day which is why mortgage adviser keeps an eye on the market in real time. And with our Rate check service, we track the market throughout your application to make sure you’re always getting the best deal.