Fixed rate mortgages boom in popularity

23rd February 2018

Consumers expecting another jump in the Bank of England's interest rates are rushing to lock in fixed-rate mortgages, new data reveals. The proportion of customers searching for fixed-rate mortgages on data firm Experian's comparison site arm rose to over 67.4% in February, compared to 60.3% in December. The Bank this month said it expects to hike rates in May. Demand for fixed rates also jumped to 67.1% in November after the first rate hike.

City AM (19/02/2018)