Two thirds of borrowers opt to fix, despite expected bank rate cut

Landlords hesitant to purchase for investment. This month's Mortgage Monitor from Charcol the whole of market, fees free broker

"The UK lending system is in desperate need of a Bank rate cut, preferably hand in hand with a medium-term cash loan of around £20bn to ease the pressure on mortgage lenders, because sky high mortgage costs have already started to jam up the property market." comments Katie Tucker, Technical Manager for Charcol.

"Halifax has reported a 2.5% drop in property value for March, the month which saw some of the most tumultuous mortgage product changes and lender withdrawals during the liquidity crisis so far, as the cost of funding soared further for lenders." The borrowers' increasingly conservative attitude to risk is shown in the trends of the clients of Charcol Mortgage Monitor for March.

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