An industry expert has recently stated that fixed rates on mortgages in the UK are set to continue to increase, even though the base interest rate remains at the all time low of just 0.5 percent.

According to official from a mortgage broker group more and more people in the UK are now looking to take mortgage loans out over longer terms. The officials claim that over half of the people that came to get help in finding a mortgage product were looking for terms of at least three years.

According to recent report some industry officials are encouraging homeowners and new buyers to fix their mortgage interest rates amidst speculation that the base interest rate could rise sharply in the future having been slashed over the past seven months and having falling to its lowest level in the three hundred and fifteen year history [...]

The interest rates for mortgages in the UK are at the lowest level they have been in 300 years. Many homeowners are wondering if they should lock in their mortgage at these lower rates in an attempt to save money on their mortgage payments.

Some industry experts have recently claimed that many banks are now making profits from fixed rate mortgage loans by increasing their profit margins sharply on these popular loans.

According to a recent report a number of lenders have been hiking up the interest rates charged on their fixed rate mortgage products in the event that the borrower cannot put down a fairly sizeable deposit.

Over the past few weeks a number of lenders have been launching new fixed rate mortgage deals with competitive rates of interest, and this follows the base interest rate plunging to a fresh record low of just 1 percent, which was announced after the February Monetary Policy Committee meeting.

A recent report has highlighted how many British homeowners that have fixed rate mortgage deals in place may be missing out financially because of the cut in interest rates over recent months.

Over recent years fixed rate mortgages have been very popular amongst consumers who wanted to keep their mortgage repayments static for a period of time, with the deal enabling them to enjoy a specified period on a fixed rate on their borrowing, which means that their repayments will also be fixed for that period of [...]

Following a recent meeting with banking and mortgage officials the government has announced that there will be help in place to assist struggling homeowners that are in danger of losing their homes due to mortgage arrears. This includes those that are coming off cheap fixed rate mortgage, many of whom could face losing their homes [...]

Fixed rate mortgages for short periods have become popular in the UK over recent years. The Chancellor of the Exchequer, Alistair Darling, is pushing for consumers to consider very long term fixed rate deals, such as those for 20 and 25 years in order to increase security and peace of mind. However, lenders have stated [...]

Since he came into office as Chancellor of the Exchequer, Alistair Darling has spoken very highly of long term fixed rate mortgages, and has made it quite clear that he believes that this is the way forward for the UK in order to try and bring stability to the housing and mortgage market, and increase [...]

As promised one of the issues that Chancellor of the Exchequer, Alistair Darling, addressed in his first budget recently was the importance of longer term fixed rate mortgages, which he claims will increase stability in the housing and mortgage sector, and will enable homeowners to enjoy increased security and peace of mind as a result [...]

When you are looking to take out a mortgage you have to decide what sort of mortgage is going to best suit your needs. There are two types of mortgage that often prove popular amongst property purchasers, and these are variable rate and fixed rate mortgages. There are pros and cons to be considered for [...]

The market is flooded with different types of mortgages, but how do you know which one is right for you? The decision has to be yours, whether you take advice from an Independent Financial Advisor or do your own research.

What are the benefits of a fixed rate mortgage? Which lenders are offering which products and how do they compare?

With the price of property ever increasing and no sign of the long awaited bursting bubble of the housing market, we ask what can young first time buyers do to gain their freedom and set up a home of their own in such an expensive arena and what is a mortgage anyway?