A slightly quieter week of rate changes

by Aaron Strutt

Feb 18 2011

Mortgage lenders have not been quite so active this week, although there have still been a host of rate increases. The Nationwide and Chelsea Building Societies, ING Direct and Abbey have are just a few of the big names to hike rates.

Abbey for Intermediaries was offering a great four year fixed rate at 3.99%. However, that has now increased to 4.49% and Barclays are still not offering five year fixes. There are now less long term mortgages available as we wait for the withdrawn mortgages to be replaced.

Aaron Strutt, a broker at Trinity Financial, says: “While we have not seen as many changes this week there has still been a huge amount. We have seen more banks offering mortgages with big arrangement fees and many lenders have put fixes up by 0.5%. There are alterative options available and we are happy to tell you the best rate we can secure for you.”

February 18, 2011