Property News · May 23, 2015

Should you fix your mortgage? Finally, the answer could well be ‘Yes’


It’s the most asked mortgage question, and for the first time since the credit crunch things appear to be changingIt’s the money question I am asked more times than anything else. Should I fix my mortgage to avoid future interest rate rises? Or are interest rates going to stay at rock-bottom lows? For the first time since the credit crunch struck in 2007, the balance of opinion is swinging towards a fix.Deflation may have arrived in the UK, with the CPI figure falling to (a welcome) -0.1%, accompanied by lots of commentary that interest rates will stay low for longer. But actually the opposite has been happening: over the past couple of weeks prices for fixed-rate mortgages have begun to creep up. Continue reading…

Source : theguardian.com
Read more…Should you fix your mortgage? Finally, the answer could well be ‘Yes’

You may also like...