Mortgages  

'Scared' home buyers prompt surge in long-term fixes

Mr White said: “You’ve got a consumer who thinks rates are not getting any lower and then you’ve got lenders who think they’re going to stay low.

“People are scared about what’s going to happen with the economy. If people weren’t scared then they would always go for a two-year fixed because they’re cheaper and give more flexibility.”

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imogen.tew@ft.com

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