Fixed-Rate Mortgages Vanish a Rise in Interest Rates

Linked as:

Summary

HOMEBUYERS face being crippled by their mortgage repayments because the biggest lenders are scrapping their cheapest deals, experts said yesterday.

Over the last few days, companies such as Halifax and Alliance Leicester have axed their best fixed-rate mortgages.

Extract

Fixed-Rate Mortgages Vanish a Rise in Interest Rates

Such mortgages are popular because they provide certainty by guaranteeing a set interest rate f...