Pros & Cons of Fixed Rate Remortgages in Credit Crunch
Of those borrowers that bought their homes 3 or more years ago, 47% chose fixed rate mortgages compared to 76% in 2007 - 2008. Clearly there has been a shift towards the more ‘appealing’ fixed rate deal rather than variable rate mortgages. As our economic climate changes, will this continue to remain the case? Here [...]
Silver Lining - Abbey Lowering Rates?
Just when we thought all was lost…
Well, I’m being a little dramatic, but there was good news in the mortgage industry today when Abbey announced it will be reducing it’s rates and booking fees on it’s five year fixed rate mortgage package from tomorrow. Granted five years is a long time to be tied into [...]