Fixed Rate Mortgages

Julia Harris, Mortgage Analyst at Moneyfacts.co.uk comments: “The shock announcement of last week’s base rate increase may have taken lenders by surprise, with most industry experts expecting the rise to occur in February or March. Some lenders, however, have been quick off the mark, with several already announcing increases to their SVRs and revised tracker rates.

Following the increase in base rate to 5.25% this week, HSBC is launching a new five year fixed rate mortgage at 5.55%, with no booking fee.

Applications for Yorkshire Building Society’s Open Market Homebuy (OMHB) mortgage have proven to be brisk since the launch of the scheme at the beginning of October 2006 – highlighting the need for an innovative solution to help eligible borrowers to get on to the housing market ladder.

HSBC is offering a market-leading five year fixed rate mortgage at 5.17% as part of the HSBC Green Sale. With no booking or exit fees, this mortgage deal is one of the cheapest five year fixed rate mortgages available today.

Leeds Building Society is kicking off the New Year with a mortgage sale.

Specialist lender, UCB Home Loans, is today increasing fixed rates on its entire core range of Self-Cert and Buy-to-Let mortgages.

Halifax has announced two changes to its mortgage products which will benefit both first time buyers and homemovers.

Leeds Building Society has launched a range of longer term fixed rate mortgages at only 4.99%.

Yorkshire Building Society is launching a new range of fixed rate mortgages from Friday 15th December.

Portman Building Society is adding a new market leading product to its extensive fixed rate mortgage range with effect from Thursday 14 December 2006.

Coventry Building Society has improved the interest rates on its highly competitive MOREgage product range.

This week sees the launch of two new fixed rate mortgage deals that buck the recent trend of rising rates.

Leeds Building Society has guaranteed that all its current range of fixed rate mortgages will be available until close of business on Friday 15th December.

Leeds Building Society has launched a new 3-year fixed rate mortgage at only 5.29%.

Kensington Mortgages has cut the price of its fixed rates and introduced a new range of market leading 85% LTV deals as part of a revamp of its entire product range.