Banks fight over long term fixed mortgages!

To fix or not to fix, that is the question?

Fixed rates are not suitable for everyone, but if you like the idea of knowing what your mortgage outgoings are going to be for the next several years, then fixed is the answer! If we had a crystal ball then the decision would be easy, but the problem is no one knows when rates are going to rise (but rise they certainly will), or how quickly or to what level. Some lenders are offering the unprecedented opportunity to fix for 10 years at under 4%, but would you want to lock yourself into a lender for that length of time - most would say no?

To read this week's Money Mail article, please click on the following link:-

Banks fight over mortgages!.pdf