25 Sep

BRT mortgages are 'in demand'

BRT mortgages are 'in demand'

In what many estate agents may consider to be good news for the housing market, base rate tracker (BRT) mortgages are back in demand, according to one property expert.

Kim Rebecchi, director of sales and marketing at Leeds Building Society, said that the feedback the company has received is that many customers are looking for two-year deals and, in particular, that BRT mortgages are in demand.

Her comments follow the firm's launch of a new two-year (BRT) mortgage available from 3.20 per cent, together with a new two-year non locked-in fixed-rate mortgage at 4.60 per cent.

"Whether customers are looking for the peace of mind associated with the certainty of payments by fixing at an affordable rate, or they feel that a tracker mortgage best suits their needs, [here is] a solution," stated Ms Rebecchi.

This news comes after the British Bankers' Association recently commented that mortgage lending has stabilised among the major high street banks.

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