Property News · March 5, 2018

Mortgages: as a rate rise looms, it’s time to fix repayments


Security over monthly outgoings is vital for many homeowners. Here’s a guide to the best dealsIt was a sharp reminder to a generation of homeowners that low rates would not last forever when Bank of England governor Mark Carney announced in November that interest rates were to rise for the first time in a decade.That reminder – and the announcement there will be two more rises by 2020 – led to a flurry of activity among mortgage holders, who moved to fix their rates and lock in their monthly repayments. The rising cost of household bills further added to demand for the security of fixed-rate mortgages. Continue reading…

Source : theguardian.com
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