Fixed Rate Mortgages.
Author
Discussion

jessica

Original Poster:

6,321 posts

282 months

Sunday 18th January 2009
quotequote all
Now the rate is at an all time low, are the banks still selling fixed rate mortgages. Now would be an excellent time to start one if they do.#


DKL

4,971 posts

252 months

Sunday 18th January 2009
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Sadly no. I've looked as has our FA. You'd think so but the banks now use the LIBOR rate for their lending which, surprise, isn't as low as the B of E rate.
Of course when the B of E rate rises they will use it again.
If you find out different let me know!

cqueen

2,649 posts

250 months

Sunday 18th January 2009
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Last time I checked, The Abbey are doing 2, 3 and 5 yr fixed at 4.3%, 4.8% and 5.2% respectively.