Fixed rate mortgages, which have accounted for the lion’s share of new loans since the beginning of 2005, look set to fall in popularity as borrowers switch to cheaper variable rate deals, mortgage brokers say.
Such a shift would make borrowers more vulnerable to interest rate rises at a time when first-time buyers are having to borrow record salary multiples to get on the housing ladder.
References: Financial Times 25/11/06 page 5
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Including:
A local private investor has snapped up the multi-let office for £6.1m
Agency sees group-wide rises for leasing and capital markets revenue
The refurb is set to deliver 250,000 sq ft of office space at 125 Shaftesbury Avenue
Fund house picks up city site from Nuveen
