Huge rise in number of cheap five-year fixed-rate mortgages
Tracker mortgage deals are anchored to a certain rate, and remortgage borrowers taking out two-year tracker mortgages with Halifax will now pay 5.44 per cent. First-time buyers looking for a tracker mortgage with the bank will pay 5.64 per cent.
Tracker mortgage loans are becoming more popular, as the expectation of base interest rate cuts grows. However, recent research still indicates that fixed-rate mortgages remain the most popular loan choice.
This policy of �rationing� mortgage loans could have come about because the bank cannot cope with the demand for competitively priced mortgage deals . Experts believe that the lender could have been flooded with business. This tactic of avoiding new business is apparently becoming more common in the UK mortgage market .
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 .