Some 62 per cent of all UK borrowers in the month of October opted for fixed-rate mortgages, according to new research.
This in an increase from 59 per cent in the previous month, while the number of fixed-rate loans approved for mortgage purposes rose from 109,100 to 124,100 in October, figures from the Council of Mortgage Lenders have revealed.
Additionally, the month also saw more borrowers find a remortgage, with a 13 per cent increase recorded over the period.
Remortgaging represented 36 per cent of all mortgage activity - a rise from 33 per cent in September, which was the lowest share over a four-year period.
Michael Coogan, director general of the Council of Mortgage Lenders, commented: "It is encouraging that many borrowers are planning ahead financially and locking themselves into a period of certainty about their monthly mortgage repayments by taking out a fixed-rate product."
He added that many borrowers acted in a "shrewd" manner, as the Bank of England's decision to raise the base rate in November was widely expected.
Mehrdad Yousefi, the head of intermediary mortgages at Alliance and Leicester, recently claimed that fixed-rate mortgages could suit "cautious" borrowers.
Fixed-rate mortgages make a comeback, study shows
Mortgage Quote Line
0845 108 0505
Fixed-rate mortgages make a comeback, study shows
Wed, 13 Dec 2006
Recommended links
All you need to know about mortgagesInterest rates explained
Guide for first time buyers
Free mortgage enquiry form
Compare fixed rate mortgage deals
GE Money Lending decides to hold fixed-rate mortgages
Yorkshire to cut fixed-rate mortgages
Ten-year fixed-rate mortgages attractive to UK borrowers
Billions of pounds worth of fixed-rate mortgages will end this year
UK fixed-rate mortgages proving pricey
Skipton fixed-rate mortgages rates rise
Mortgage specialist suggests alternative to high fixed-rate mortgages
Reduced cost of fixed-rate mortgages
Trackers climb as fixed-rate mortgages fall
Interest rate worries fuelling fixed-rate mortgages, financing analyst argues
Fixed-rate mortgages attract first-time buyers
Cheap fixed-rate mortgages continue to disappear
Portman re-prices fixed-rate mortgages
Leeds guarantees fixed-rate mortgages
Data indicates 85% of first-time buyers choose fixed-rate mortgages
Fixed-rate mortgages popular in April, figures show
Two-year fixed-rate mortgages in demand
Cheaper fixed-rate mortgages
Lenders pull down fixed-rate mortgages
Halifax launches new stepped fixed-rate mortgages
Inflation change likely to cause rush on fixed-rate mortgages
Fixed-rate mortgages becoming more attractive
Fixed-rate mortgages popular, experts say
Fixed-rate mortgages: a basic guide
Lenders pull fixed-rate mortgages
New fixed-rate mortgages from first direct
Long-term fixed-rate mortgages getting cheaper
Leeds launches fixed-rate mortgages
Watch fees on fixed-rate mortgages
People looking to find a remortgage turning to fixed-rate mortgages
Fixed-rate mortgages the safest bet
Cheaper fixed-rate mortgages for first-time buyers
Nationwide fixed-rate mortgages rate increase
Financial services provider launches long-term fixed-rate mortgages
Skipton relaunch fixed-rate mortgages
Skipton relaunches fixed-rate mortgages
Fixed-rate mortgages increasing among buy-to-let investors
| mortgages news |
|---|
| Yorkshire Building Society makes mortgage more accessible - Thu, 02 Sep 2010 |
| Lloyds TSB launches new fixed-rate mortgage - Thu, 02 Sep 2010 |
| Skipton launches new mortgage range - Wed, 01 Sep 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage