What the papers say - 21st and 22nd February 2009

What the papers say - 21st and 22nd February 2009

There was substantial coverage of fixed rates in the weekend money pages and journalists looked at how it might make sense to cut and run from a high fixed rate. According to the Sunday Express, over recent years, the Government has encouraged borrowers to opt for long-term, fixed-rate mortgages in a bid to protect themselves against interest-rate fluctuations. However, with rates on other deals plummeting, those on long-term fixes may now be considering switching to a cheaper deal. Experts warned borrowers to consider a number of factors, including how much how much it will cost to get out, what new deal you can secure and what savings you can make over the existing fixed-rate period.

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