News
Fixed rate demand soars
Written By:
Your Money
Posted:
Updated:
16/04/2024
Demand for two-year fixed-rate mortgages has rocketed in the past month, according to Hamptons International’s latest mortgage survey.
In January, 39% of borrowers opted for a two-year fixed deal, compared with 24% a year earlier and 27% in December.
The increased demand for fixed-rate home loans coincides with the Bank of England keeping interest rates on hold at 4.5% for the sixth consecutive month last week.