ACCORDING to a study by LMS, house-buyers and mortgage owners are looking for longer term security, rather than the cheaper option of quick-fix variable rates.
With the UK interest rates being so low at present, there is only one way they can go – and that’s up - so securing a fixed deal of five years or more is the most common change amongst loan seekers according to this new study. A growing number of people are looking for a rate that they know is sustainable – at least for the foreseeable future.