Market uncertainty favours two-year plans, says Charcol

Charcol, the UK mortgage IFA, is recommending its clients consider adopting the wide range of two-year mortgage deals currently on offer in a bid to counter current economic uncertainty. According to Charcol, the margin between two and five year money has increased significantly in the last two weeks because of changes in the money market yield curve, making two-year money the most competitive option at the moment. "Short-term mortgage deals are the ideal solution for borrowers worried by recent market volatility. The question is whether to take a fix, a discount or a tracker. In part...