Could mortgage rates soon start to rise?
New Year saw a spate of rate cuts, with lenders competing to attract borrowers, however the warning is - this isn’t set to last much longer.
Borrowing is the cheapest it’s ever been for mortgage holders, rates are so low that an increasing number of home-owners have started to release equity in their homes.
If you are looking to purchase property or remortgage your home, you are advised to act sooner rather than later. Failing to take advantage of the deals that are currently on offer could end up costing you dearly, if rates rise before you source a mortgage offer. Locking into a cheap deal now could protect you for years to come, which can offer you security should rates rise.
Deals currently on offer that are worth looking at include a 3 year fix from YBS for smaller deposit buyers, the lender is offering a rate of 1.85% for those with 15% as a deposit.
If you would like further information on what mortgages are on offer for your deposit or equity level call us at Deal Direct.
We are a fully regulated independent mortgage broker with access to all mortgage products market-wide.
If you would like a quote or would like to discuss your mortgage options, contact one of our impartial advisers.
Speak to a Deal Direct adviser today.
0800 048 8828
