Fixed-rate mortgages are what Britons want survey reveals

Fairinvestment.co.uk suggest that findings of a recent survey indicate that over half of Britons would prefer a fixed-rate mortgage.

The survey also established that 57% of those considering a mortgage would choose a fixed rate over any other type of mortgage product.

The results consisted of 30% of the total respondents reporting that they would prefer a short-term fixed rate mortgage while 27% would opt for a long-term fixed interest rate.

The survey also established that 23% of homeowners would favour tracker mortgages, 9% would chose a discounted mortgage, 8% would chose a variable rate mortgage and 3% would go for a stepped deal.

Despite talk of a housing market crash the storage industry still remains unaffected.

Source: http://www.homemove.co.uk/news/22-02-2008/survey-reveals-britons-want-fixed-rate-mortgages.html