The Yorkshire Building Society has expressed doubt over possible popularity for longer-term fixed rates.
The mutual, which currently offers some of the longest fixed dates in the market today, was responding to comments made by housing minister Grant Shapps.
The minister told the Building Society Association that lenders in the UK should follow the lead of some European counterparts in offering fixed-rate mortgages for as long as 25 or 30 years to give borrowers greater peace of mind and more certainty over their future outgoings.
The Yorkshire said that its 10-year fixed rate mortgage is currently more popular with borrowers than it has been in previous years.
However, it said that it regularly talks to its members to understand their needs and develop products where a demand is identified although there is interest in 10 year fixed rate mortgages, it is not seeing an appetite for longer term fixed rates, it added.
Chris Smith, the Yorkshire’s group direct mortgage manager, said: “The Yorkshire has offered 25-year fixed rate mortgages in the past but these had a very small take-up rate.
