Mortgage Broker John Charcol claim variable rate mortgages are still a better deal for consumers, despite expecting another rate rise before the end of the year.
John Charcol today released their mortgage best buy tables with Saffron’s offering of a 2.14% discount for two years topping the list of variable rates. Woolwich came top of the fixed rate table with an initial rate of 5.39%, rising to 6.14% after one year. Commenting on the latest deals, Drew Wotherspoon, head of communications at John Charcol, says: “it is still John Charcol’s opinion that there is better value to be had in variable rates. We do not anticipate bank rate rising beyond 6%, and even that is up for debate after reading the latest set of minutes from the Monetary Policy Com...
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