Time to Fix?

Rates for fixed rate deals are at their lowest since 2007 with lenders set to cut rates even further.

The average 2 year fixed rate is 4.62%. 3 and 5 year deals have also fallen steadily since September 2009.

There is also encouragement for first time buyers with the number of 85-90% deals being at their highest since 2008.

At last the lenders are beginning to compete with each other for mortgage rates with the consumers being the obvious winners.

For fully independent advice please contact our resident mortgage consultant, Andy Harrod, on 01522 510044.