Friday 29 July 2011

What next for mortgage rates? | Mail Online

What next for mortgage rates? | Mail Online

Are mortgage rates about to rise or fall and should you take a fixed or tracker rate? Simon Lambert rounds up the latest predictions, tips, analysis and the best mortgage rates-

The outlook for rates
Simon Lambert
Five-year fixed rates just keep on falling. Chelsea BS has cut its best five-year fixed rate down to 3.39%, marking the latest in a round of mortgage cuts.
The deal comes with a hefty £1,495 fee and borrowers need a 30% deposit and can take on loans of between £25,001 and £1 million.

This marks a new low for five-year fixes ....

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