New fixed rate mortgages from The Derbyshire

The new ‘two-year’ home loan is ‘fee-free’ and interest is fixed at 5.69% (6.6% APR) for the first two years until 30.09.06. The five-year mortgage is fixed at 5.54% (6.7% APR) until 30.09.09, but is subject to a £350 application fee plus standard valuation fees.

Both mortgages come with six months free accident, sickness and unemployment cover and borrowers can make 10% capital repayments with no early repayment charges each year.

We operate a daily interest calculation on capital repayments for both products and there are no early repayment charges after the fixed rate period.