Property investment confidence for fixed rate mortgage holders

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Property investment confidence for fixed rate mortgage holders

Fixed rate mortgage lending for investors planning to make money in the property market could be a popular move due to continuing demand in this area, it has been argued.

Paul Collins, editor at BuyAssociation, said there has been a continuing demand for high-quality property in the major cities of the UK, with these areas seen as prime locations for investment.

He commented: "We have seen over the course of the past 12 to 18 months that prime properties in city centre locations have been very popular and seemed to have been gaining in value."

Indeed, Mr Collins noted that London has been a bastion for property prices but other "regional cities" are now beginning to show signs of strength also.

Clare Francis, mortgage spokesperson for Moneysupermarket.com, advised that individuals taking out a fixed rate mortgage should consider all aspects of the deal before signing, not simply the headline rate of the product.

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