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How To Buy Gold For $3 An Ounce

UK Fixed Rate Mortgages Interest Rate Increases

Interest-Rates / Mortgages Jun 18, 2009 - 02:39 PM GMT

By: MoneySupermarket

Interest-Rates Louise Cuming, head of mortgages at moneysupermarket.com, said: "There has been a flurry of activity in the mortgage market, but unfortunately mostly to the detriment of borrowers.


"Halifax raised its fixed rates today, Nationwide and Chelsea Building Society have already increased many rates, the Principality Building Society increased its 10 year product from 5.19 per cent to 5.39 per cent, and Cheltenham & Gloucester and Abbey are both raising some mortgage rates tomorrow.

"However, there are still some 'killer' deals about - borrowers with a large deposit who can act quickly can still lock in both fixed and tracker products at around three percent. The watchword here is speed, as the best deals will disappear quickly. If you see a product that suits your circumstances at a good rate don't delay securing it - rates can only rise from now on."

By moneysavingsupermarket.com

The Price Comparison Site

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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