To Fix or Not to Fix, That Is the Question ; the Best Mortgage Deals of 2005 Are No Longer Available but It May Not Pay to Wait for New Year Bargains

Summary

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Is it too late to get a rock-bottom fixed-rate mortgage before the end of the year? Last month, the fixed-rate deals from many lenders had fallen to their lowest rates in nearly 18 months and borrowers were rushing to sign up.

Now, with some of those best deals becoming oversubscribed, several have been replaced with more expensive alternatives. Alliance Leicester, Lambeth, Leeds, Portman and Woolwich set the trend, with other lenders following.

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Extract

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To Fix or Not to Fix, That Is the Question ; the Best Mortgage Deals of 2005 Are No Longer Available but It May Not Pay to Wait for New Year Bargains

'It's because interest rates now look almost certain to be held steady into 2006 and not reduced as previously expected,' says Ray Boulger, technical director of broker John Charcol. 'No one is expecting rates to rise but without a fall, the fixed rates being offered started to look too c...

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