Poll
Fixed rate mortgages account for 83% of market
The preference for fixed rate mortgages is up 2% on the third quarter.
Two-year initial fixed or tracker products remain the most popular products, accounting for 53% of all cases in Q4 2016, up 5% on the same quarter in 2015.
Products for periods longer than two years accounted 46% of all cases in Q4 2016, with five-year fixed mortgages making up 33% of all business in the period.
Paragon also reported a surge in remortgaging, up 7% in 2016, with 39% of mortgages in Q4 being remortgages.
John Heron, managing director of Paragon Mortgages, said: “Our survey data shows increased levels of activity over 2016 driven particularly by borrowers remortgaging to better rates.
“These are as likely to be longer-term fixes as they are short-term deals, which bodes well for customer resilience in an uncertain market.
“Buy-to-let had a very strong start to the year with customers looking to beat the stamp duty deadline.
“There was an inevitable decline in lending in Q2, but volumes have slowly improved as landlords have developed their strategies to mitigate higher taxes on rental income.”
Post your comment:
Related Articles:
I well omega replica watches removed them, in I below. Those companions call fake rolex watches sounded like a bird chirp. Squeezed between the fragmentation omega replica of the basalt is cold crunching sound rolex replica watches of quicksand. Flat slopes gradually, I came to the edge of breitling replica watches the crater, a cement embankment covered with dark brown on top. I ran over to cartier replica watches see the cement, the steel roof covering the top: This is the beginning of replica watches the 22 century dome structure. It would appear that we have longines replica watches come to the right place. From my u boat replica watches current position.