Mortgages - fixed rates continue to fall despite market worries - Mortgages - News - Moneyfacts

News News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Mortgages - fixed rates continue to fall despite market worries

Mortgages - fixed rates continue to fall despite market worries

Category: Mortgages

Updated: 31/10/2008
First Published: 25/09/2007

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The stories in the press this week have been surrounding the sudden increase of mortgage rates. Looking at the market is this just the press searching for the bad news and desperate to link the rising rates to the credit crunch in financial markets.

To date only Abbey, Halifax and Standard Life have increased selected variable tracker rate mortgages. Look a little deeper and a prospective borrower is still going to find a good deal.

In fact, fixed rates have been falling, and Britannia Building Society top the best buy charts for fixed rate mortgages:

















If you are not prepared to risk an increase in your monthly payments and want the stability of a fixed rate there are certainly some competitive products around. As ever due to the size of the market it is important to think about what you want from your mortgage and work out the true cost depending on your individual circumstances.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Homemover numbers fall for first time since 2011

The mortgage market enjoyed a record year in 2016, so it may come as a surprise to hear that the number of people moving home has fallen for the first time in five years, with fewer apparently taking advantage of the market.

2016: the best year for remortgaging since 2009

Remortgaging has certainly seen a surge in activity of late, helped in no small part by the dramatic drop in mortgage rates over the last year, so much so that 2016 as a whole proved to be the best year for the sector since 2009.

Homeowners underestimate remortgaging savings

Remortgaging has been enjoying a surge in popularity in recent months, and considering how much you could save, it’s a no-brainer! Unfortunately, many fail to realise the extent of potential savings, which could mean too few make the switch.