Steve Carruthers, head of mortgage distribution for Newcastle Intermediaries, said:
“Three year fixed rate mortgages have increased in popularity. They combine current competitive lending rates with the reassurance that mortgage payments will be fixed for the period. House buying or remortgaging used to involve a choice between a better rate, or the certainty of a fixed product. Being able to combine the benefits of both is good news for borrowers.”
Marcus Beech at Your Finance Today Limited, added:
“A superb low rate right up to 80% loan to value, which can be used for home purchasers or remortgage clients looking to pay down debt or improve their home – at this loan to value it makes for a fantastic proposition for our customers.”
