Fixed Rate Mortgages
Demand for five year fixed rate mortgages set to soar
Mortgage lenders should brace themselves for high demand for five-year fixed rate mortgages, according to the latest research from the Abbey Mortgage Index.
Homeowners would opt for 25 year fixed rate mortgages
The Chancellor Alistair Darling said in his 2008 Budget last month that he wants to encourage 25 year fixed rate mortgages, and, according to research from FairInvestment.co.uk, the majority of homeowners would go for a long term fixed rate deal.
A&L withdraw a two year fixed rate product from its range
Alliance & Leicester has announced that it will be withdrawing its 4.99% Two Year Fixed Rate product as from the close of business on Saturday 29 March 2008.
Long term fixed rate mortgages increase in number and cost
The number of fixed rate mortgages with terms of ten years or longer has increased in the past year as lenders seek to cope with demand for long-term fixed rate deals, according to MoneyExpert.com.
HSBC’s extends ‘RateMatcher’ for existing fixed rate customers
HSBC has announced that its RateMatcher guarantee, which matches the interest rate its fixed rate mortgage customers currently pay when they roll off their existing deal, is being extended to 30 June 2008.
Leeds Building Society launches new 2-year fixed rate mortgage
Leeds Building Society has launched a market leading 2-year fixed rate mortgage at 5.99% with unlimited capital repayments, no higher lending charge and is available up to 80% loan to value.
Woolwich launches ten year fix rate mortgage
Woolwich is launching a new long-term fixed rate mortgage at 5.29 per cent for 10 years to help boost the availability of competitive longer term mortgages at a time when there is increased volatility in the mortgage market on an almost daily basis.
Cheshire’s flexible 25 year fixed rate mortgage
Following Chancellor Alistair Darling’s call to action for a longer-term approach to mortgage lending in today’s Budget announcement, Cheshire Building Society highlights the flexibility of its 25 year deal.
Nationwide celebrates 1st anniversary of 25 year fixed rate mortgage
Nationwide Building Society is celebrating the one year anniversary of the launch of its innovative 25 year fixed rate mortgage.
Fixed rate mortgages continue to gain popularity
Fixed rate mortgages continue to dominate the market despite further expected cuts in interest rates according to new research from Abbey Mortgages.
Big reductions on Abbey’s five-year mortgage deals
Abbey Mortgages today announces dramatically reduced rates on its range of five-year fixed rate mortgages. The range, which is now on offer at 5.63 per cent with a £499 fee for loans to value of up to 90 per cent, has seen rates cut by up to 0.46 per cent.
Borrowers in a fix over mortgage deals
Almost four times as many homeowners would opt for a fixed rate mortgage as a tracker if they had to renew their mortgage tomorrow, according to research from Abbey Mortgages.
Support for long term fixed rate mortgages welcomed
Nationwide Building Society today welcomed the news that Chancellor Alistair Darling wants to increase the availability of long term fixed rate mortgages in the market.
YBS reduces three year fixed rate mortgage rates
Yorkshire Building Society has reduced the rates on its three year fixed rate mortgages and is offering borrowers the option to also fix their home insurance premiums for the same period.
moneysupermarket.com: HSBC RateMatcher guarantee
Commenting on HSBC's new RateMatcher guarantee, Louise Cuming, head of mortgages at price comparison site moneysupermarket.com, said: "At last, a piece of positive news in the mortgage market.