Huge rise in number of cheap five-year fixed-rate mortgages
Mortgage holders would prefer to stay with a fixed-rate mortgage in times when the housing market is uncertain, research has found.
Conducted by Abbey, the latest report into the housing market shows that 80 per cent of homeowners would choose a fixed-rate mortgage over a tracker mortgage if they needed to remortgage their homes .
Abbey director of mortgages Sue Hayes commented that now is a good time to take out a fixed-rate mortgage.
She added that fixed rates are often popular when the market is uncertain, as they can offer mortgage holders more security than other mortgage options .
Yesterday, Peter O'Donovan from Bestinvest commented that taking out a 100 per cent mortgage in the current financial climate is a safe option.
Mr O'Donovan remarked that even though the market may be stabilising, eventually house prices will continue to increase.
Scotland - a dedicated service from mortgagecase.com.
Switching to a different mortgage may sound daunting but could save you money.
Release up to 100% of the surveyed value of your home.
Receive mortgage news, information & notification of interest rate decisions.
None of the information on this website is intended to promote any specific mortgage product or provide mortgage advice.
mortgagecase.com is a non-regulated trading name of .
mortgagecase.com (c) 2011 .
The sphere, with icon, its reflection and mortgagecase.com are trademarks of .