Thursday 1 August 2013

Fixed-rate Mortgages 'are good value'

This latest article on July 31, 2013 by houseladder.co.uk shows why fixed-rate mortgages are presently good in providing value as suggested by Andy Gray.

Property News - Fixed-rate mortgages 'are good value'

The bottom of the interest cycle is on the horizon, it has been noted.


Fixed-rate mortgages are proving to be particularly good value at present, it has been suggested. 

Andy Gray, managing director of mortgages at Barclays, noted this is because there is a general consensus in the industry that the bottom of the interest rate cycle is on the horizon. 

Mr Gray pointed out this has coincided with a time of the year that is one of the busiest for remortgaging and house buying activity.

The comments come as Barclays has announced improvements to its home loan range in the hope of giving more opportunities to save money for remortgagers and to present a new collection of fee-free deals for those looking to buy a home. 

Mr Gray stated: "The Barclays rate cuts and new offers give even more homeowners and buyers the chance to take advantage of the low rates."
It was recently reported by the Council of Mortgage Lenders that UK gross mortgage lending in June was two per cent greater than in May, rising from £14.7 billion to £15 billion. 

Article Source:  http://www.houseladder.co.uk/Property_News/2013/07/Fixedrate_mortgages_are_good_value_3438.aspx#.UfnhQ40_tZ0

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