Fixed rate mortgage applicants spoilt, says unbiased.co.uk
www.moneynews.co.uk > Mortgages > Fixed rate mortgage applicants spoilt, says unbiased.co.uk
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Money News |
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Fixed rate mortgage applicants spoilt, says unbiased.co.uk
Mon 10th Jan 2011
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Karen Barrett, chief executive of the company, made her remarks after the organisation found the average interest rate homeowners would be prepared to fix at would be three per cent.
She explained that the mortgage environment has been distorted by the low base rate and suggested people have "realistic" expectations so that they do not miss out on a good deal before interest rates begin to rise again.
Ms Barrett added: "It can be very confusing for homeowners to keep track of which is the best mortgage for them and when is the best time for them to move onto a new deal."
Last week, unbiased.co.uk revealed that the most searched-for topic on its website during 2010 was retirement planning, with mortgages finishing fourth.
Click here for more mortgages news
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