After years of falling rates the 10-year fixed rate mortgage costs are beginning to rise according to research from Moneyfacts.
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Category Archives: Fixed Rate Mortgages
The Bank of England has reduced interest rates from 0.5% to 0.25% but will your mortgage benefit from the decrease?
The lowest ever ten year fixed rate mortgage deal at 2.39% is launched by the Coventry Building Society after EU referendum.
Uncertainty created with Brexit could see house prices fall by 5% and decreasing swap rates may produce better mortgage deals.
Lenders for the new London Help to Buy are offering mortgage rates as low as 1.55% to first time buyers and home movers.
The HSBC have returned with a five-year fixed rate mortgage of 1.99 per cent with a high fee, but should you commit to such a long term?
There were 310,000 first time buyers in 2015 according to the Halifax with an increase in the number taking 35 year mortgages.
The Halifax data shows house prices are up 1.4% on the quarter despite a fall last month and is expected to rise strongly.
House prices in the UK are up 3.9% for the year and homeowners are biased toward fixed rate mortgages ahead of an interest rate rise.
As house prices rise Lenders have reintroduced interest only mortgages accessed only by wealthy homeowners with large amounts of equity.