Record low mortgage deals set to continue
According to Money Facts, the current record low mortgage deals available for consumers are predicted to continue. This was reported in July on the What Mortgage website.
The company has found that there is still fierce competition in the mortgage market meaning that mortgage rates have fallen in the first half of 2016. This means there are record low rates again with the average two-year fix rate mortgage reducing by 0.24% since January. During the same period the average five-year fix has fallen by 0.19%.
What this means for home owners and home buyers
“We’ve found that most of our clients looking to remortgage have saved money on their monthly bills thanks to lower mortgage rates. And, that many home buyers are spending less on repayments than they thought so it’s great that the current low mortgage rates are predicted to continue.”
How Your Mortgage Expert can help
“Lots of lenders are currently cutting rates and launching new deals in order to attract customers. At Your Mortgage Expert, we keep constantly abreast of the developments in the mortgage market, including all the current deals. Added to this, some of the deals we have access to may only be available through independent advisers like us.
“We can research the market for you to find all the latest deals and can make the most appropriate recommendation for you based on your circumstances. This can save you time, money and stress.
“So whether you’re looking for to fix your rate for two years, five years or something more flexible, 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 We cannot be held responsible for something that was correct at the time but subsequently changes or goes out of date.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.
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