Rate war will spark remortgage wave, says John Charcol

Mortgage adviser John Charcol said these signs of life will increase in August and remain high over the next few months as the fixed rate price war at higher LTVs takes shape. The proportion of borrowers taking fixed rates will increase in the coming months, said Charcol, despite the fact trackers are the natural choice when the possibility of a base rate cut is no longer being ignored against the backdrop of a low-interest rate environment. Simon Collins, mortgage technical manager at John Charcol, said: "Even before the raft of new fixed rates, the market was becoming more competiti...