The Telegraph - Why a long fix provides a way around new mortgage rules
Borrowers and lenders are shunning shorter fixed-rate mortgages because lengthier deals are not always subject to the new “affordability” tests.
Aaron Strutt, of broker Trinity Financial, said most of the lowest five-year rates are available through building societies, but the best buy fixes tend to have higher arrangement fees.
“Weigh up the impact of both,” he said. “A low rate and higher fee can make sense if you are taking a larger loan, and vice versa.”
Click here to view the full story £
May 18, 2014
Get started today
Speak to one of our mortgage experts. Book an appointment to come and see us or request one of our experts to call you.
As seen in
