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The time is right to buy fixed rate mortgages


Recent figures have shown that the time is right to buy a fixed rate mortgage product.

John Charcoal, mortgage advisor has stated that before lenders increase prices, consumers that are in search of a mortgage should go out and buy a fixed rate mortgage.

Woolwich, who are the mortgages arm of Barclays are providing fixed rate mortgages which has a 4 year, 60 per cent LTV at 3.99 per cent.

John Charcoal has said that these types of mortgage deals could be taken of the shelves within a week as inflation figures continue to rise.

John Charcoal commented further by saying: "After this month's fall in the best fixed rates now looks like a good time to lock into one, ideally one for at least five years."

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