Fixes at the fore

FIXED mortgages are again the flavour of the week. Northern Rock is launching a 7.65 per cent mortgage fixed until May 1997. It is available on 90 per cent advances for a pounds 250 arrangement fee. The Bank of Scotland has just launched a seven-year mortgage, fixed until May 2000, pegged at 9.3 per cent. The maximum loan is pounds 400,000, the maximum advance is 90 per cent and the arrangement fee is pounds 250.

Wimpey Homes is offering a 3.99 per cent two-year fix on some new homes in the South.

----------------------------------------------------------------- Mortgages ----------------------------------------------------------------- Type Source Deal Variable Stroud & Swindon 5.49% - net of 2.5% discount Fixed Coventry 5.99% for 3 years on 70% loans Capped Nationwide 7.85% on 85% advances for 3 years ----------------------------------------------------------------- Source: John Charcol 071-611 7000 -----------------------------------------------------------------