Networking in Surrey

Mortgage borrowers are missing out on what have become the lowest fixed-rate mortgages in decades, with half not having reviewed their mortgage since March 2009.

According to the website unbiased, many borrowers (37%) would still prefer a Standard Variable Rate deal, and if they did fix, would be prepared to do so at an unrealistic 3.4%.

March 2009 was when the base rate first hit 0.5%, and 16% of unbiased’s sample believe the base rate is so low they do not need to worry about reviewing.

But it points out that with fixed rates falling below 5% for the first time in decades and the threat of future interest rate rises becoming more real, home owners are potentially missing out on the best fixed-rate deals in over a genertion. 
The website points out that in the last 24 years, five year fixed rates have never been lower than 4.99% and that the current average three-year fixed rate is 4.35%.  

It says that despite the current market conditions and fixed rates reaching an all time low, home owners remain out of touch with what is available to them.
However, fixed-rate mortgages do remain popular with 18 to 34-year-olds, where 44% currently have one, a rise of 6% from 38% in January 2011. This suggests the security of a fixed rate is attractive to the first-time buyer market.


If you wanted to discuss about what kind of fixed rate you could achieve to protect yourself, do feel free to get in touch.


Thanks as always for your attention.



Views: 10

Add a Comment

You need to be a member of Networking in Surrey to add comments!

Join Networking in Surrey

This Month's Sponsors (Links)

These NiS MEMBERS help us keep NiS free for you! Click the ads for info and offers...

Meet David Reavely on NiS...

With a diploma in nutritional medicine, PE teacher turned Food Detective’ Dave Reavely detects food intolerances and identifies how your diet and lifestyle affect your health, weight and fitness. Click for details

Meet John Gower on NiS...

Local Networking Works! Start boosting your business TODAY... Please click the ad for details

Meet Paul Webster on NiS...
 Meet 100's of local business leaders, Council members and the media to raise your profile, generate new leads & win business directly or via partnerships & joint ventures... Stands are selling fast - so call Paul now on 07778 836405

Meet Simon Royston on NiS...Discovering Talent is Our Talent. Founded as a solution to the current recruitment realities The Recruitment Lab has become the preferred choice for organisations seeking a recruitment partner with intelligence and the ability to deliver.Meet Ian Lovelace on NiS... 
There are a number of ways in which your home, savings and business are vulnerable to attack. We’re here to safeguard these hard earned assets for you and your family, using simple but effective strategies - Call Ian now on 07989 500 230

Meet Keith Grover on NiS...

Read our free daily GLOBAL NETWORKING NEWS & TIPS...

MyTeam Network takes all your networking to the next level by addressing the space between meetings - it's 'joined-up networking for grown-up people'!

Become a Sponsor and promote your business by taking an ad  - seen by over 2,000 Members, 1,500 unique visitors  with 6,000+ pageviews every month...

"Thanks for getting Google on my side! It's  so nice when you can see a return on your investment."
Emma Selby Farnham Hub

Sean Usher Interviews Keith Grover Part 1 &2...

WATCH A VIDEO of Keith telling Sean Usher all about NiS

© 2019   Created by Admin.   Powered by

Badges  |  Report an Issue  |  Terms of Service