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Consumers are trying to find fixed rate mortgages in record numbers as the housing crisis drives home how important this type of loan is. In the past few years, many homeowners elected to have a short term fixed rate mortgage that would later convert to a variable rate after a few years. At the time, […]

Many banks across the UK were shocked by the announcement that Abbey, one of the largest lenders in the UK, made regarding the fact that their flexible loan rates were about to be lowered.  It was probably a shock to other banks since they have continued to charge premium rates on their flexible loans.This seems […]

Foreclosures are at an all time high as more fixed rate mortgages convert over to adjustable rates. It is expected that around 3 million homes in the UK could be at risk for foreclosure this year as this happens. For those seeking a refinance to a new fixed rate mortgage, the options have been very […]

Despite continued calls for consumers to seek out fixed rate mortgages, application numbers dropped more than 5% over the past few months. Analysts are contributing this to the fact that banks are raising their rates on fixed rate mortgage deals and making it nearly impossible for consumers to get an approval. While application numbers are […]