Less than one-third of IFAs believe the Chancellor Gordon Brown should review the long-term fixed ra...
Less than one-third of IFAs believe the Chancellor Gordon Brown should review the long-term fixed rate mortgage, suggests a survey from the Exchange.
Research conducted by the Exchange indicates that just three out of ten intermediaries (30%) think the UK's fixed rate mortgage market needs reviewing to reduce volatility in the housing sector.
Comments from the Exchange argue the widely-held view is if more people fixed their mortgages, volatility would be reduced.
This is despite evidence presented in this survey from IFAs, which suggests around 70% do not think a review is necessary.
This also coincides with indications that less than 30% of homeowners opted for the fixed-rate option last year.
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