Fixed Rate Mortgages

Nationwide Building Society has announced the reintroduction of its innovative 25 year fixed rate mortgage at a rate of 6.39%. The new 25 year fixed rate will be available from Tuesday 17 July.

Lisa Taylor, Analyst at Moneyfacts.co.uk, comments: “This week Alistair Darling, the new chancellor of the exchequer announced that Labour would shortly be issuing proposals to increase the supply of long term fixed rate loans, in a bid to tackle the affordability crisis and concerns that the short term market thrives on collecting regular arrangement fee income.

Britannia Building Society will launch the following mortgage products on Friday 13th July 2007:

Borrowers are being urged to act now to secure a fixed rate mortgage before the base rate rises again.

Abbey has announced new rates on a number of its fixed rate mortgages. These mortgages are available from Wednesday 20 June 2007.

Lisa Taylor, of Moneyfacts.co.uk, comments: “With base rate remaining on hold, at least for the next month, we may have expected the mortgage market to have settled. However this is far from the case, especially for fixed rate deals that have been either disappearing off the shelves or increasing rapidly.

The number of borrowers taking out fixed-rate mortgages is at its highest level on record, according to the latest research from Mortgage Trust.

With six rises in the Bank of England base rate over the past three years, borrowers with soon-to-expire fixed rate mortgages could be forgiven for thinking they’re in for a nasty shock.

Just days after the Bank of England’s latest interest rate rise, Scarborough is offering borrowers the peace of mind of a low rate fixed mortgage.

GMAC-RFC has today sent out clear signals regarding its appetite for market share. It has announced the launch of a mainstream two year fix which, at 5.25%, is believed to be one of the most competitive products of its type available from an intermediary-focused lender.

In addition to its new range of 2, 3 and 5 year fixed rate products launched last week, Skipton Building Society today re-launched its 7 and 10 year fixed rate mortgages with a choice of fees and rates starting from as low as .49%.

Homeowners looking to fix their mortgage rates are facing an ever dwindling choice of competitive deals, according to new analysis by MoneyExpert.com.

Nationwide Building Society has announced the withdrawal of its 25 year fixed rate mortgage. The mortgage will be withdrawn from sale at close of business on Thursday 3 May 2007.

Skipton Building Society has launched an expanded range of 2 year, 3 year and 5 year fixed rate mortgages with a choice of fees and rates starting from as low as 4.99%.

In the face of increasing SWAP rates which are pushing fixed rate mortgage deals higher Woolwich has chosen to simplify its range which has allowed it in some cases to actually reduce the rates on its fixed rate deals.