Borrowers increasingly favour short-term mortgage deals over long-term stability | Today's Conveyancer

Borrowers increasingly favour short-term mortgage deals over long-term stability | Today's Conveyancer

Short-term fixed-rate mortgage products have reached record levels of popularity, according to new data from Twenty7tec, with interest in longer-term options falling to the lowest level ever. Analysis by the mortgage tech platform shows a 43.29% drop in the number of searches for 10-year fixed mortgages since May, while deals for two years or less account for more than half (52.04%) of all mortgage searches. The changes mark a clear shift in sen…