Fixes rate mortgages – a good time to consider them?
From Mortgage Strategy 19 January 2011 | By Andrew Montlake
Faced with the barrage of news headlines in almost every paper today about raging inflation leading to soaring interest rates, we thought it was prudent to bring a sense of calmness to the media storm.
The question we have been asked most lately is whether to fix or not and I have for a long time now stated that I believe more people should be seeking the sanctuary of fixed rates than actually have done.
So in a rational and calm way, while I believe rates will rise sooner than many they will not go to 5% by the end of the year, here are my views……..
My Comment
Trackers have been superb value over the last few years, but more of my clients are asking for fixed rates. There is increasing concern about what could happen to their mortgage payments if rates rise – and there are some very good fixed rate deals available on the market. People should take time out to review their mortgages and decide on the best way forward.
I would like some help with my mortgage review
This entry was posted on Tuesday, January 25th, 2011 at 4:19 pm and is filed under Remortgages/home movers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
