View more on these topics

Fixed-rate deals most popular option in over three years

The percentage of borrowers selecting fixed-rate deals rose to the highest level in over three years in August.

The Mortgage Advice Bureau’s latest mortgage index shows that 83.1 per cent of borrowers selected fixed-rate deals for purchase applications in August, representing a 3.8 per cent rise on July.

This is the most popular that fixed rates have been since June 2009 when the figure stood at 89.6 per cent.

The Mortgage Advice Bureau’s head of lending Brian Murphy says: “August saw borrowers increasingly opting for fixed rates with 83.1 per cent of house purchasers and 84 per cent of remortgage customers electing to fix.

“Incidentally, these are both the highest proportion of fixed rate take up since July 2009, suggesting that borrowers are seeing real value in the price and security that fixed rates currently offer.”


Brightstar launches two-year discounted mortgage rates

Brightstar Financial’s specialist first charge division is launching two new two-year discounted mortgage rates suggested for the self employed. Both rates are available for purchase and remortgage, the discounted rates start from 4.99 per cent up to 75 per cent LTV and 5.49 per cent up to 80 per cent LTV. There are no early […]


Leadbay relaunches as SO Leads

Simply Online Media has relaunched lead generation firm Leadbay as So Leads, following the acquisition in December 2010.

NatWest reduces rates on 60 per cent LTV mortgages

NatWest Intermediary Solutions is cutting rates on a number of mortgages in both the current account and core ranges. Rates have been cut on four 60 per cent LTV products and include the two-year fixed and tracker rate mortgages from both ranges. From the current account range, the two-year fixed rate for purchase and remortgage […]


News and expert analysis straight to your inbox

Sign up