John Charcol has launched The Interest Rate Protector, an interest rate cap that protects borrowers with large mortgages from rising rates.
A total of 26% of borrowers took a fixed rate mortgage in May, which is the highest level since October 2009.
Towergate Financial today revealed mortgage brokerage John Charcol went into administration before it acquired the company.
Beleaguered mortgage broker John Charcol has set up a new business which industry sources say could be part of its ongoing restructuring plans.
Variable rate mortgages accounted for 80.9% of loans arranged by broker John Charcol in December 2009.
Adviser reaction is mixed following the launch by HSBC of one of its cheapest-ever mortgage deals.
Mortgage broker John Charcol says the Government is demonstrating a "complete failure" to understand the current state of the housing market after research suggested up to 3.5 million households are unable to move.
John Charcol, the national mortgage broker, has begun a review of its ownership and capital structure after receiving a number of expressions of interest in the firm.