What the papers say- 8th December 2010

What the papers say- 8th December 2010

Mortgage news was scarce in the midweek financial press, with the Daily Mail looking at hybrid deals, which allow borrowers to split their mortgage between fixed and variable rates. There is currently a lot of uncertainty over when rates will rise, so this arrangement allow people to hedge their bets, however experts warned that some lenders will charge two arrangement fees so borrowers are urged to check the terms and conditions carefully.

The Daily Express reported that, with continuing pressure on the housing and mortgage market, more First Time Buyers are being forced to rent, and many landlords are taking advantage of the increased demand by adding to their portfolios. Experts expressed concerns that some investors will struggle to meet mortgage payments if interest rates rise, and also pointed out that a large deposit is still required to secure a good rate.

Call our expert
advisers now
icon-contact
Call free from mobile or landline
Open 7 days a week until 8pm weekdays