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Fixed rate mortgages were at their most expensive for six months at the start of February, according to research by financial information service Moneyfacts. “The majority of lenders have increased rates since [...] Home buyers have started to see their mortgage interest rates increase when their initial deals come to an end, Britain’s biggest lender has warned. The cheapest ever five year fixed rate mortgage deal was launched last week. This may prove tempting for home owners looking to protect themselves against interest rate rises.The loan, from ING Direct, allows home owners to fix the interest rate they pay at 3.69pc for the next five years. Many borrowers have faced the dilemma of [...] UK mortgage rates are falling, but lenders may not be passing on the reductions.Banks and building societies are imposing record profit margins on mortgages, despite falling house prices and lending levels, independent statisticians claim. The record difference between average mortgage rates and institutional money market costs or ‘swap rates’ is said to add £149 a month [...] The number of internet searches for UK fixed rate mortgages soared between April – June 2010 (Q2) compared to the same time period last year. Searches for the term ‘fixed rate mortgages 10 years’ up almost ten fold over the period. Searches for ‘fixed rate mortgages 5 years’ increased seven fold, while searches for ‘tracker mortgages’ only [...] With the Bank of England’s interest rates at record lows homeowners’ mortgage payments are also low. Interest payments accounted for 13.2% of their income, the lowest since March 2004 but finding a large deposit is still a stumbling block for many, In [...] UK mortgage interest rates have dropped to a seven year low, according to new research. Latest figures suggested the average rate on a two year fixed rate mortgage is [...] The cost of fixed rate mortgages fell to a new record low during May as competition continued to return to the market, official figures show. Rates charged on [...] Bovis and Woolwich have combined and launched a new first time buyer 90% mortgage.First time buyers and people with a small deposit have a new ally in the struggle to buy a house – but only if they will live in a Bovis home. Barclays’ mortgage arm Woolwich is offering a market leading fixed rate mortgage [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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