Released on: August 22, 2008, 2:22 am

Press Release Author: Gracy

Industry: Financial

Press Release Summary: As housing market hangs in balance, it is getting
increasingly difficult for the homeowners and buyers to evaluate the pros and cons
of the deals which could aid them in coming future.


Press Release Body: London (Ask4loan) August 20, 2008: According to Abbey, people
are finding it extremely hard to opt between the fixed-rate or tracker loans. Things
have become really interesting with Monetary Policy committee\'s (MPC) still to
declare the interest rates. Figures have shown that tracker products are becoming
flavour of the season, but despite that fixed-rate deals are refusing to die out.
According to the study, around two-fifth of the total people queried, claimed that
they are still very confused when it comes to the choice among the two products.

The percentage of people who are suffering from the deficiency in firmness over the
decision to choose the product, has risen from 30 percent to 41 percent currently.
For those who are looking to make a mark in the market of property, resort to
personal loans is a wise option. Availing personal loans will help these people to
take the advantage of any emerging deals. Abbey further states that the fixed-rate
mortgages are being selected by most of the borrowers. Specially the three year term
deals is said to be the most popular one since most of the borrowers considered that
this product could be re-mortgaged again. On the other hand, five-year deals
popularity have slumped to a large extent.

Phil Cliff, Abbey Mortgages, director, said: " The present uncertainty circulating
around the base rate decisions and the general uncertainties on the market at the
moment are clearly feeding through into consumers' views on mortgages. However, in
times of unpredictability, people want security and nearly half of all borrowers are
saying they'd choose to fix if they re-mortgaged tomorrow, most choosing a
three-year deal. Given the demand for this length of deal, Abbey recently widened
the three-year range with two low-fee choices. Abbey also has a market leading
three-year fix at 5.99 per cent with 1,695 pounds fee for those who want to keep
monthly payments to a minimum."

For those who are facing difficulties in raising deposit for property in adverse
market conditions, availing loan at cheap rate of interest may be a good option.

For additional information on the news that is the subject of this release (or for a
sample, copy or demo), contact Webmaster or visit http://www.ask4loan.co.uk

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