Consumers are seeking fewer fixed-rate
In August, 41.9 per cent of the company’s customers agreed to a fixed deal, the lowest share of the total since December 2008.
Spokesman Ray Boulger said a reason for people choosing not to take fixed deals is that these have become more expensive in anticipation of rate rises.
Yet at the same time the Bank of England has hinted that “it increasingly looks as if interest rates will remain low for at least two to three years on the back of a very slow economic recovery”, he noted.
The “fundamentals” are in place for the overall number of
However, the extent of this rise could be limited by an ongoing shortage of