Fixed-rate mortgages are set to become even more expensive. Mortgage lenders are already charging huge margins on fixed-rate mortgages, meaning that borrowers looking to fix their mortgage should act now to find the cheapest quote.
Mortgage lenders (some part-owned by the Government) are hiking fixed-rate mortgage costs and not passing on falling swap rates. Profit margins on fixed-rate mortgages are extremely high, and set to become even higher.