The Best Fixed Rate Mortgages On The Market Now
Competition among lenders is intensifying and driving many mortgage rates lower. This keener pricing, coupled with a growing sense among borrowers that higher rates may now be edging closer, is driving a surge in switching as homeowners dash for the best deals. Lending industry figures published in July show re-mortgaging on the rise across the country. In expensive regions where loans are typically higher the trend is more pronounced: re-mortgaging in London, for instance, has jumped to an eight-year high. Lending overall is expected to slow through 2017 and 2018, which should add to competition and keep rates low for the forseeable future as lenders continue to chase new business. This guide from The Daily Telegraph tells you everything you need to know about fixed-rate mortgages and the best deals available.