Mortgage News

Short-term fixers keep market competitive: Report

Thursday 27th of February 2014

It shows growth in household lending of 2.8% in the second half of 2013 compared with the first half. Banks’ net interest income was up 2% over the same period.

Partner Sam Shuttleworth said mortgage holders had continued to move from floating to fixed interest rates.

Only 44% of mortgage-holders were on floating interest rates in September last year, down from 63% in March 2012....

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