Mortgage buyers continue to benefit from very low interest rates while savers are facing difficulty in finding a good level of interest.
Read More
Category Archives: Fixed Rate Mortgages
More than half of residential mortgages have terms of up to 40 years lowering repayments but total interest costs are much higher.
Lenders are willing to offer competitive mortgage rates to first time buyers with small deposits if they can secure a guarantor.
Warnings from the Bank of England has seen fixed rate mortgages remaining stable despite recent falls on the money markets.
The cost of borrowing has reduced by half in the last decade with competition encouraging more on the housing ladder.
Mortgage rates for first time buyers with small deposits have reached a record low despite rise in base interest rates.
Record low rates are a thing of the past as fixed mortgage deals increase in cost over the year despite competition from lenders.
The Bank of England has raised interest rates by 0.75% which increases the cost to homeowners with variable rate mortgages.
Lenders are eager to attract long term business with competitive five year fixed deal only slightly more expensive than shorter term rates.
The number of people remortgaging has increased by 36% for the year as homeowners lock into new competitive deals.