Interest Rates

Mortgage interest rates fluctuate alongside the bank base rates. A postitive long term the general economic climate is a good indicator of the prosperity of the housing market. Generally, good economic conditions mean low interest rates, which result in lower mortgage rates.

The interest payable on mortgages comes in two basic forms:

Fixed Rates

Variable Rates

Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.