↑ Grab this Headline Animator

London and Country Mortgages Confirm that Tracker Rate MortgagesGain...

So far this year, fixed rate mortgages have been by far the most popular choice of deal as borrowers have sought the security of a fixed rate during the recession.

However, August has seen an increase in interest for tracker rates which are linked directly to the Bank of England Rate. Earlier this month, the Bank of England announced it was keeping rates on hold at an all-time low of 0.5%. It then published its Quarterly Inflation Report and predicted that rates would remain at their record low for some time to come.

Richard Morea, Technical Manager at London 's38; Country Mortgages said, With signs that interest rates could remain at 0.5% into 2010, many borrowers are deciding that they are willing to take the risk of having a variable mortgage rate, in order to benefit from low interest rates. Tracker mortgages are not for everyone though - if you'sre on a tight budget and are worried about being able to afford a rise in mortgage payments, then a fixed rate mortgage is still a good bet.

Notes to Editor:

London 's38; Country (L's38;C) is the UK'ss leading no-fee mortgage broker. Based in Bath, it provides whole of market advice via telephone and post to clients nationwide. As well as residential mortgages, it also specialises in the Buy-to-Let and adverse-credit sectors.

L's38;C is a Climate Neutral company and for the last seven years has invested in climate friendly projects and tree-planting to help offset its emissions and those of its customers. For more information, go to http://www.lcplc.co.uk/green

L's38;C has won numerous awards including:

Best Mortgage IFA/Adviser of the Year - Money Marketing, 2004, 2005, 2006 and 2008

Best Technology Adviser - Money Marketing 2007

Best Mortgage Broker outside London - Mortgage Strategy, 2004 and 2005

Best National Broker - Mortgage Introducer 2005, 2006 and 2007

Best Overall Broker - Mortgage Introducer 2005

Overall broker of the year - Pink Home Loans, 2006 and 2007

Top 100 company in the Sunday Times Fast Track 100 for 2004 and 2005

Business of the Year - The Bath Business Awards 2005

Growth Strategy of the Year - National Business Awards (Wales and West) 2008

Business Leader (Broker) - British Mortgage Awards - 2008

Online Mortgage IFA of the Year - Financial Adviser - 2008

Press Contacts:

Richard Morea, Technical Manager    

Office: 01225 341312                

Mobile: 07970 885168

David Hollingworth, Head of Communications

Office: 01225 341211                    

Mobile: 07710 634044

http://www.lcplc.co.uk

↑ Grab this Headline Animator

---

This article has been robotically scanned and tagged by Prnewsnow with the following search tags. No human manipulation of these tags take place.
| Software | Rediker Software | administrative software solutions |

---

4933 readers online...

, Local News