Fixed Rate Mortgages
Fixed rate mortgages breaking the 6% barrier
Key Woolwich fixed rate mortgages are falling by more than 0.30%, to below 6%, in a sign of improving conditions in the mortgage market.
Leeds launches 3-year fee free fixed rate mortgage
Leeds Building Society has launched a highly competitive 3-year fee free fixed rate mortgage available up to 90% loan to value and starting from only 6.99%.
More mortgage rate cuts from Abbey
From tomorrow, (Tuesday 12 August) Abbey is reducing the rates on its 5-year fixed products by 0.30 per cent. In addition, all 3-year tracker products at 75 per cent LTV are reducing by 0.1 per cent with rates now starting from 5.89 per cent.
Nationwide cuts the price of fixed rate mortgage deals
Nationwide Building Society has announced that it is cutting the price of its two, three and five year fixed rate deals by up to 0.25%, these new rates are available for those looking to remortgage, switch product or take a further advance. The new rates will be available from 8 August 2008.
Britannia launches new two year fixed rate mortgage
Britannia Building Society has introduced a third option to its two year fixed rate mortgage range. The new option has a rate of 5.94% for up to 75% LTV (6.69% up to 90% LTV) and an arrangement fee of £999.
Borrowers confused about which mortgage to choose
Two fifths of all homeowners would be confused about whether to opt for a fixed or tracker rate mortgage if they were choosing a new deal tomorrow (7 August).
HSBC lowers rates and fees on fixed rate mortgages
From 31st July 2008 HSBC will be passing on the benefits of lower funding costs to customers by lowering the rates and fees on its fixed rate mortgages.
Stable outlook as fixed rates continue to fall
Darren Cook, mortgage expert at Moneyfacts.co.uk, comments: "There is a faint glimmer of hope that the fixed rate mortgage market is returning to some sort of normality.
Mortgage "flight to safety" as long-term deals soar
The proportion of fixed-rate mortgages available with terms over ten years has almost doubled in the past 12 months as borrowers and lenders increasingly turn to long-term deals to beat the ongoing credit crunch, according to analysis by MoneyExpert.com.
Newcastle launches new fixed-rate mortgage deals
Newcastle Building Society has announced the launch of three new best buy fixed-rate mortgage deals on three and five and ten year terms, with competitive rates starting at 5.95%.
Average two-year fixed back below 7%
Michelle Slade, analyst at Moneyfacts.co.uk, comments: "Mortgage borrowers have not had much to be happy about in the last few months as rates have continually soared. Just ten days ago the average two year fixed peaked at a rate of 7.08%, its highest in over a decade.
More mortgage options from Britannia
Britannia Building Society has introduced a new option to its 5 year fixed-rate product range.
Leeds launches new 5 year fixed rate mortgage
Leeds Building Society has launched a market leading 5-year fixed rate mortgage at only 5.99% with no higher lending charge, 10% capital repayments allowed each year without penalty and available up to 80% loan to value.
Fixed rate mortgages remain popular
Brits continue to choose fixed rate mortgages while average rates are increasing to ten year highs in attempts to counteract high inter-bank lending.
Fixed rate deals continue to increase
Darren Cook, mortgage expert at Moneyfacts.co.uk, comments: "It is now three weeks since the peak in swap rates and we would expect to see the cost of fixed rate deals starting to fall, but this isn't the case. In fact the opposite is true, with rates continuing to rise.