IFAs want fixed rates reviewed

This is according to a survey from The Exchange which simply asked:

Does the UK’s fixed rate mortgage market need reviewing?

Yes: 30%

No: 70%

Sue Summers, managing director at The Exchange, commented: “With less than 30% of the UK public choosing to fix their mortgages last year, the Chancellor believes the Government may need to intervene. The widely held view is that if more people fixed their mortgages then some of the volatility would be taken out of the housing market with the additional benefit of creating longer-term stability for the lenders. Our research shows that a significant proportion of intermediaries support that view.”