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Homeowners waiting for lower fixed rate mortgage deals

A new survey claims that most homeowners are ‘holding out’ for fixed rate mortgages of under 4%.

The poll, conducted by Unbiased.co.uk, said that the average borrower was looking for a mortgage rate of 3.86%, whilst a third of borrowers wanted a mortgage deal of lower than 3%.

The survey concluded that UK homeowners are waiting longer than usual to remortgage, in case of further market changes.

One Response to “Homeowners waiting for lower fixed rate mortgage deals”

  1. James Says:

    Now that interest rates have bottomed out (surely…?) this will presumably start to change - inasmuch as the ‘holding out’ is due to expected interest falls and not just being short of cash.

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