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Borrowers turned to fixes in March

The number of borrowers choosing fixed rate deals in March rose to its highest level in 12 months, says Mortgage Advice Bureau.

Some 78.7% of its borrowers opted for fixed rates last month, up from 73.3% in February.

Brian Murphy, head of lending at MAB, says: “Consumers are switching to fixed rates, which now account for more than three out of four transactions. This suggests many expect further rate rises and are eager to lock into attractive deals.”


Mortgage advice firms were down 10% in 2011

The number of mortgage advice firms fell by nearly 10% last year, according to figures from the Financial Services Authority. In December 2010, there were 4,364 firms whose primary business was giving mortgage advice but this fell to 3,937 by December 2011. Mortgage advice firms peaked at 8,509 in December 2007, 53.7% higher than in […]


Pre-empt changes in cost due to EU ruling

As of December 21 this year, life protection rates are in for a shake-up. Previously, women have enjoyed lower-cost life protection as they have longer life expectancies than men.

More consumers sought remortgage advice last month

Enquiries from consumers looking to remortgage reached an all-time high in March, the latest figures from show. Its data reveals that 37% of all searches carried out for a mortgage adviser were for remortgages, compared with 33% in February 2012 and 31% in March last year. Karen Barrett, chief executive of Unbiased, says that […]

Europe: Nursery slopes

After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.


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