Fixed-rate mortgages still popular among buyers

Potential buyers’ interest in fixed-rate mortgage deals remained high in February, with 81 per cent of shoppers taking them into consideration, the latest figures from Experian revealed.

The figures published by Experian suggested that shoppers are increasingly reluctant to consider tracker deals as a realistic option when buying a property, with just 9 per cent of buyers looking at them in February, compared to 13 per cent in January and 10 per cent in December.

According to Experian, the lack of interest in trackers could be due to wider uncertainty about the economy, along with the fact that rates for fixed deals remain at almost historic levels.

Commenting, Experian Marketplace and Affinity managing director Amir Goshtai said: “It’s understandable that those looking for a mortgage to secure their dream home are focusing on fixed deals, with the assurance of the same monthly payments that they provide.

“No one is quite sure what may happen to the economy in the next few months, with growing uncertainty about the impact of Brexit, particularly if there is a no deal.

“A mortgage is the biggest financial commitment someone can make, so it important they know what’s available on the market before taking the plunge.”

    Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.

In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.

Air and the role of later-life lending
Content editor at MoneyAge, Dan McGrath, spoke to the chief executive officer at Air, Will Hale, about the later-life lending industry, the importance of tailored advice and how technology and obligations have shaped the sector.


Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.

In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.

The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.