23
Mar
Homeowners urged not to miss out on low fixed-rate mortgages
Homeowners have been advised to consider whether it would be
beneficial for them to remortgage on to a fixed-rate deal.
According to Karen Barrett, chief executive of Unbiased.co.uk, if
people wait too long they may find that fixed deals become more
expensive.
She noted that the base rate remains at 0.5 per cent - after the
Bank of England's Monetary Policy Committee opted to leave it there
earlier this month - but it is likely to rise.
The expert stated: "With the number of mortgage deals slowly
increasing homeowners need to make sure they aren't missing out on
getting the best deals before the base rate starts to rise
again."
Her comments follow the release of figures by Unbiased.co.uk, which
showed that 29 per cent of property owners are on their lenders'
standard variable-rate loans and have no plans to change
this.
It was also discovered that the average fixed-rate that people
would be happy to settle for is now 3.3 per cent.
