Fixed Mortgages or Not

By the Beresfords Marketing Team - 10th November 2011

Last week the news was very much that interest rates would increase and the swap rates did increase.

This made many clamber to take advantage of low interest rates and fix their mortgage now.

And who can blame them, with rates starting as low as 2.14% it could be a great time to fix in.

5yr fixed rates are also the lowest for 4 years starting from 4.09% available for both purchase or remortgage !!

It seems the debate will continue for some time as the news this week is that bank base rate is likely not to change ! To help clients decide whether to take the plunge now or sit tight Flagstone Financial Management (the mortgage arm of Beresfords Group) will be holding a number of Mortgage Clinics for both new and existing clients.

John Lineham Director of Flagstone Financial reports, “we have seen a real swing towards fixed rates in January, partly because of the media but also because the fixed rates have become very competitive again. We have had a real mixture of short term fixed rates and also 5yr enabling clients to budget for a bit longer without the worry of an increase in their mortgage Payments.”

Our Mortgage Advisers are independent so are able to show clients mortgages from the whole of the market as well as exclusive schemes that are not available direct.

As one of the largest mortgage arrangers in Essex we are able to access the latest news and views on interest rates which we will endeavour to share with both new and old clients.

For the latest news and views you can make an appointment for free consultation with your local Adviser or phone our call centre on 0800 3899986.