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

"Abbey was very friendly and helpful"

- Sandra

"Dewi kept us up to date & was very understanding of my Mum's situation. I would highly recommend selling with this company."

- Jane

"Sold a property, and Gill was amazing throughout the process!"

- Rachel

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

- Gwen

"nothing written"

- Nadeeka Edirisinghalage

"Great experience with Peter Anthony! Yaseen Hassan was professional, responsive, and incredibly helpful"

- Samuel Benedict

"Very good estate agency"

- Junaid

"Sean was really lovely on our inspection. Quick, easy and efficient. Thank you!"

- Roberta