Compare our best 10 year fixed rate mortgages

You can get a 10 year fixed rate mortgage to keep your mortgage repayments the same for 10 years. It is the longest fixed rate mortgage you can get, and the mortgage rate will be higher than a shorter duration fix. Compare our best 10 year fixed mortgages, or explore our guide to learn more about them.

Mortgage type

Property price

£

Mortgage amount

£

Mortgage term

years

Initial rate type

Deal length

Repayment type

Our best 10 year fixed rate mortgage deals

  • TSB 10 Year Fixed mortgage

    Initial rate 2.64%. APRC 2.9%. Set-up fees £0
  • Nationwide Building Society 10 Year Fixed mortgage

    Initial rate 2.79%. APRC 3.2%. Set-up fees £999
  • TSB 10 Year Fixed mortgage

    Initial rate 2.84%. APRC 3.1%. Set-up fees £0
  • Nationwide Building Society 10 Year Fixed mortgage

    Initial rate 2.89%. APRC 3.2%. Set-up fees £0
  • Virgin Money 10 Year Fixed mortgage

    Initial rate 3.13%. APRC 3.5%. Set-up fees £0
  • Yorkshire Building Society 10 Year Fixed mortgage

    Initial rate 3.15%. APRC 3.6%. Set-up fees £495
  • Virgin Money 15 Year Fixed mortgage

    Initial rate 3.23%. APRC 3.4%. Set-up fees £0
  • TSB 10 Year Fixed mortgage

    Initial rate 3.24%. APRC 3.4%. Set-up fees £0
  • Nationwide Building Society 10 Year Fixed mortgage

    Initial rate 3.29%. APRC 3.5%. Set-up fees £999
  • We've found 25 mortgage deals

    TSB

    10 Year Fixed

    Initial rate

    2.64%

    until 30-11-2030

    APRC

    2.9%

    overall cost for comparison

    Set-up fees

    £0

    Monthly payment

    £774.69

    for 120 months

    Nationwide Building Society

    10 Year Fixed

    Initial rate

    2.79%

    APRC

    3.2%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £787.71

    for 120 months

    TSB

    10 Year Fixed

    Initial rate

    2.84%

    until 30-11-2030

    APRC

    3.1%

    overall cost for comparison

    Set-up fees

    £0

    Monthly payment

    £792.08

    for 120 months

    Nationwide Building Society

    10 Year Fixed

    Initial rate

    2.89%

    APRC

    3.2%

    overall cost for comparison

    Set-up fees

    £0

    Monthly payment

    £796.47

    for 120 months

    Virgin Money

    10 Year Fixed

    Initial rate

    3.13%

    until 01-01-2031

    APRC

    3.5%

    overall cost for comparison

    Set-up fees

    £0

    Monthly payment

    £817.70

    for 120 months

    Yorkshire Building Society

    10 Year Fixed

    Initial rate

    3.15%

    until 30-11-2030

    APRC

    3.6%

    overall cost for comparison

    Set-up fees

    £495

    Monthly payment

    £819.48

    for 120 months

    Virgin Money

    15 Year Fixed

    Initial rate

    3.23%

    until 01-01-2036

    APRC

    3.4%

    overall cost for comparison

    Set-up fees

    £0

    Monthly payment

    £826.64

    for 180 months

    TSB

    10 Year Fixed

    Initial rate

    3.24%

    until 30-11-2030

    APRC

    3.4%

    overall cost for comparison

    Set-up fees

    £0

    Monthly payment

    £827.54

    for 120 months

    Nationwide Building Society

    10 Year Fixed

    Initial rate

    3.29%

    APRC

    3.5%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £832.03

    for 120 months

    Nationwide Building Society

    10 Year Fixed

    Initial rate

    3.29%

    APRC

    3.5%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £832.03

    for 120 months

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    Representative example:

    If you borrowed £200,000 payable over 25 years, with an initial fixed-rate for two years at 4.79%, your monthly payments would be £1,144.84 for 24 months. This would then revert to a standard variable rate (SVR) of 4.24% for the remaining 23 years, costing £1,086.24 per month for 276 months. Overall cost for comparison is 4.5% APRC representative. The total amount payable over the full term would be £328,272, including product fee of £995 and interest of £127,277.

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

    What is a 10 year fixed rate mortgage?

    A 10 year fixed rate mortgage has the same interest rate and monthly repayments for 10 years.

    Even if the Bank of England base rate changes, or your bank's standard variable rate (SVR) changes, your mortgage rate will stay the same for the full 10 years.

    The 10 year fixed rate mortgage is the ultimate in financial security: you know exactly how much your mortgage will cost you each month for the next decade.

    But it's also the least flexible and most expensive fixed rate mortgage. The interest rate on a 10 year fixed rate mortgage is often quite high (about 2.2% in May 2020*), which can mean significantly higher mortgage repayments than a 2 or 5 year fixed rate mortgage.

    *At this time, the Bank of England had responded to the Covid-19 pandemic by reducing the base rate to a historic low of just 0.10%, pushing down the cost of fixed rate mortgages, including the best 10 year mortgage rates.

    How to find the best 10 year fixed rate mortgage

    The best 10 year fixed rate mortgage is one that has the lowest interest rate and set-up fees.

    When comparing 10 year fixed mortgages, it's very important to consider the full cost of the mortgage including fees and charges - not just the interest rate.

    Almost all fixed rate mortgages will charge you a fee for overpaying too much. You can usually overpay up to 10% per year before you get charged.

    If you repay your mortgage in full within 10 years, you will usually be hit by an early repayment charge (ERC). The ERC is normally a percentage of the total mortgage amount, so it can be thousands of pounds.

    What’s more, the ERC on a 10 year fixed rate mortgage is usually higher (5 to 10% of the total mortgage debt) than on a shorter term fixed rate mortgage.

    So if you're planning to move home in the next 10 years, be sure to get a portable mortgage you can take with you. Otherwise you'll have to pay the ERC.

    Use the comparison table at the top of this page to compare the best 10 year fixed rate mortgages.

    Mortgages are complex products, and 10 years is a long time to be locked in. Read our mortgage guide to learn about all the fees, charges and gotchas to watch out for when comparing mortgages.

    If you're not sure that a 10 year fix is the right mortgage for you, use these mortgage comparison pages to find other fixed rate mortgages:

    Should I get a 10 year fixed rate mortgage?

    This is a complex question and you should do a lot of research before deciding. Ask yourself: will your personal or financial situation be the same 10 years from now? If you expect your income to go up or down significantly, or you plan to buy a larger or smaller house over the next 10 years, a 10 year fixed mortgage might be too restrictive.

    Like most things in life, 10 year fixed rate mortgages have pros and cons; they offer the ultimate in financial security - but they're a lot more expensive than a 2 or 5 year fixed mortgage.

    In May 2020, the cheapest 2 year fixed rates are around 1.2%, while the best 10 year mortgage rates come with an initial interest rate of around 2.2%. On a £200,000 mortgage over 25 years, the repayments on the 10 year mortgage will therefore be £867 a month, versus £772 with the 2 year deal - a difference of £1,140 per year. So if rates stay at the same level, you could save £13,680 over 10 years!

    But if interest rates go up, your 10 year fixed mortgage could end up being the cheaper option long term. So if you're concerned about long term financial security, and are planning to stay put for a few years, a 10 year fixed rate mortgage could be the right choice for you.

    Can I get a 10 year fixed rate mortgage?

    You should be able to get a 10 year fixed rate mortgage, as there aren’t any particularly challenging eligibility criteria to worry about. As with most mortgage deals, however, the best 10 year mortgage rates will only be available if you have a large deposit of say 30% (giving you an LTV of 70%).

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    Last updated: 6 August, 2020