Hybrid mortgages 'are a good deal' for FTBs
www.moneynews.co.uk > Mortgages > Hybrid mortgages 'are a good deal' for FTBs
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Money News |
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Hybrid mortgages 'are a good deal' for FTBs
Tue 7th Feb 2012
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Catherine Hearnden, director at MyMortgageDirect, said a hybrid deal can be a great way to manage costs over the long-term, as if rates rise in the future - which they are likely to do - then only a proportion of the borrowing will see an increase in costs, with the rest of the debt remaining on a fixed rate.
She commented: "They are not complicated at all, but it is a bit complicated for someone shopping around by themselves on the high street."
According to the latest Halifax Housing Market Confidence Tracker report, 29 per cent of Brits now believe the property sector will see positive gains by the end of the year, compared to 22 per cent who feel there will be losses.
This is an improvement over figures seen in the last quarter, when the majority of respondents predicted falls.
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