Inflation figures on the move, time to Fix? -- 17 Feb 2011

Transcript: Welcome to MFB TV on Thursday the 17th of February. On Tuesday the inflationary figures came out at above 4 per cent and there is now a furious argument amongst economist as to whether base rates should move up any time soon. The pressure is on, and as we have commented before, fixed rates are starting to look increasingly attractive. We sent a mailer out to twenty thousand of you on our database yesterday talking about a residential mortgage product, fixed for two years at 2.14 per cent with a flat arrangement fee of 2000 pounds. Overnight that product has already has been withdrawn and increased in price to 2.44 per cent and a fee of two per cent, so if you have a large loan you are losing the economy of scale with the product. We really do think that now is a time to carefully look at fixed rate options and obviously we'll be monitoring the Buy to Let market soon. If you are looking for fixed rate products for any remortgages, be they commercial, buy to let, or residential homeowner do give us a call now on 0845 3456788.

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