Saturday, Jun 09, 2007
More than one million fixed rate mortgages set to end this year
1mortgagesuk: Over one million fixed rate mortgages set to end this year
An estimation made that there are over one million borrowers who took fixed rate mortgages two year ago and now they are set to end this year
Posted by mani @ 10:25 AM (138 views) Add Comment
4 Comments
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1. Whiteknight said...
Are these currently active mortgages?
I have no interest in some figures that report fixed rate mortgages taken 2 years ago if they have been adjusted 5 times since then.
Are these currently active with those original terms?
2. sirgoogle said...
Another big one sadly is 3 years away - when the 5 year fixed rates get renewed.
However these folk may be looking with interest at the predicament of those who are about to be updated - and this may spark moves to down-size.
3. Ilejustwait said...
to down size would be an option, but i think the truth is repossession orders will increase, and flood the market with property`s, and if the BTLs dry up then this will lead to what we all call a HPC,
4. Pr said...
The rout on bonds, i.e. long term interest rates, means that these people are going to have fixed rates that are higher than they would otherwise had banked upon.