Best fixed mortgage rates increase in popularity.

Products for the best fixed mortgage rates are increasing in popularity as they offer home-owners increased security against a mortgage rate rise.

With the RBS and Halifax recently increasing their rates many are concerned that other lenders could follow suit and so are seeking the security of fixed rate deals.

According to Legal and General mortgage research, of the mortgage-holders questioned 34 per cent advised they would be prepared to pay a higher rate and monthly repayment for the best fixed mortgage rates. This comes despite the fact that UK mortgage holders are experiencing an historically low base rate.

The survey also showed that of the 34 per cent willing to pay more for a fixed deal, 30 per cent would be prepared to pay an extra £26 to £50 per month and 18 per cent an extra £100 per month.

The Legal & General findings are part of their quarterly MortgageMood survey into home-owners opinions on mortgage related issues.

Ben Thompson who is the Managing Director of the Legal & General Mortgage Club said that the number of mortgage holders willing to pay extra for a fixed rate deal was surprising when considering low interest rates.

He added that while the majority remain happy to adopt a wait and see attitude over potential rate increases it is becoming clear the feeling of unease is beginning to increase. He advises that it is worth checking other lenders offers to see if you can improve your current mortgage deal because low rates may not last forever.

Deal Direct can help those looking for the best fixed mortgage rates. Contact us by either filling in our enquiry form or telephoning 0800 048 8828.