Printer Friendly

Cashpoint; CITYDESK.

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."

COPYRIGHT 2016 Scottish Daily Record & Sunday
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Daily Record (Glasgow, Scotland)
Date:Nov 17, 2016
Words:165
Previous Article:JOBS BOARD; Edited by scotcareers.
Next Article:Andy digs deep for marathon 02 victory.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters