Another flurry of fixes

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The Independent Online
ANOTHER flurry of fixed-rate mortgages has hit the market this week.

Halifax is offering first-time buyers a 5.49 per cent rate, fixed until 30 April next year for 90 per cent loans (5.99 per cent for 95 per cent loans).

Nottingham Building Society is offering its cheapest mortgages since 1959, a 5.99 per cent rate fixed until July 1994 and a 7.25 per cent rate fixed until February 1996.

Barclays Bank is offering first- time buyers a two-year, split fix pegged at 5.99 per cent until the end of February 1994 and then rising to 6.99 per cent for the next 12 months.

The new two-year fix from National Counties is pegged at 6.5 per cent.

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