Number of five-year fixed rate deals up by 73%

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There has been a 73% increase in the availability of five-year fixed rate mortgage products over the past year according to figures from Moneyfacts.co.uk. There are approximately 634 five-year fixed rates on offer, considerably up on the 366 deals available over the same period last year. For borrowers with larger deposits of 40% the typical five-year fixed rate is 3.22%. This time last year this figure stood at 4.30%. April 26, 2013
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