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Mortgage rates continue to drop

According to latest figures from Mortgage Brain, there has been a further drop in mortgage rates over the second quarter of the year*.

This drop is across all types of product including two year fixed rate, three year fixed rate and tracker mortgages which have seen the biggest drop of all.

What this means for home buyers

Adam Nanson, Managing Director of Your Mortgage Expert comments: “The Governor of the Bank of England warned us this month that interest rates could rise by the end of the year. This means that mortgage rates could go up.

“But, while mortgage rates are still low, home buyers should take advantage of the savings that can be made. If your current fixed rate mortgage arrangement has come to an end or you are thinking of moving home, it could be prudent to fix your deal now rather than risk paying more in the future.

How Your Mortgage Expert can help

Your Mortgage Expert is independent which means we know all the current deals on the market and can make the most appropriate recommendation for you based on your circumstances. Some of the deals may only be available through independent advisers. So whether you’re looking for a fixed rate, variable rate or you’re a First Time Buyer, Your Mortgage Expert can review your circumstances and give you the most appropriate mortgage rate advice based on your affordability.

To speak to Adam Nanson about your next mortgage, ring him now on 01722 322683 or complete a contact us form and let him know when he can call you back.

We don’t charge for an initial consultation, so by speaking with us, you won’t be under any obligation. To find out more about our services and how we operate, visit our about us section.

The information contained within this article was correct at the time of publication. It is intended for information only and should not be used as a basis for purchasing any products. We cannot be held responsible for something that was correct at the time but subsequently changes or goes out of date. For further information, contact Your Mortgage Expert on 01722 322683.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. SECURING SHORT TERM DEBTS AGAINST YOUR HOME COULD INCREASE THE TERM OVER WHICH THEY ARE PAID AND THEREFORE INCREASE THE OVERALL AMOUNT PAYABLE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.

You are now departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor TenetLime are responsible for the accuracy of the information contained within the non-regulated site.

Source: https://www.mortgage-brain.co.uk/Pdf/Press-Release/Mortgage-rates-continue-to-fall.pdf

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