Byline: WITH TRICIA PHILLIPS
A QUARTER of people who remortgaged last month expect the base rate to rise in the next year - double the number among those who remortgaged in September.
Five-year fixed-rate products doubled in popularity too, from less than one in 10 to two in five, according to conveyancers Legal Marketing Services.
With growing speculation about a base rate rise and swap rates (what the banks pay to borrow) rising sharply since Donald Trump's US election victory, it's no wonder people are locking into rock-bottom deals.
Coventry Building Society offer a best buy 1.84 per cent five-year fix for those with hefty 50 per cent deposits. HSBC offer 2.14 per cent fee-free on 25 per cent deposits and West Brom Building Society 2.99 per cent with PS199 fee on 10 per cent deposits.
Andrew Hagger, of Moneycomms.
co.uk, said: "There's never been a better time to lock into a fixed rate. We could see rates rise in coming weeks."