Quarter chose fixed rate mortgages in May

This is a result of a combination of widespread uncertainty in the economy, magnified by equal uncertainty in the political landscape, and a significant reduction in their cost, according to broker John Charcol. "This is the highest figure for over six months, as some borrowers begin to look for real safety in what are bound to be some choppy years ahead," says Drew Wotherspoon, director of marketing at John Charcol. "Knowing what the future for interest rates looks like is an exercise in crystal ball gazing, but the reality is that there is only one way interest rates can now move - ...