Blog Post

Fixed rate mortgages

TomS - Head Tom Simper Jun 28, 2024, 12:00 PM

Mortgage borrowers continue to prefer the certainty of fixed mortgage rates.

The data does show a slight retreat from fixed mortgages, down from a peak of 95.5% in September 2022.

These high proportions are quite different from the pre-Global Financial Crisis when a much lower proportion of lending was on fixed rates.

Earlier this week, Barclays Bank cut several of its key mortgage rates, acting ahead of the forecast Bank of England rate cut in August. Source: Dataloft by PriceHubble, Financial Conduct Authority. June 2024

Load more comments
Thank you for the comment! Your comment must be approved first
comment-avatar

"A great company and great experience."

- Andrew

"Went above and beyond helping us secure a home, truly kind people"

- Anya

"Keep it up the good work. I thank you very much"

- Richard

"Would highly recommend Peter Anthony when selling your property."

- Gwen

"nothing written"

- Nadeeka Edirisinghalage

"As a tenant, this might be the best agency I've worked with so far."

- Jeddy

"Abbey was very friendly and helpful"

- Sandra

"Very good estate agency"

- Junaid