Market trends for 2018 with mortgage broker, Deal Direct.
As an independent mortgage broker, Deal Direct see market trends changing in real time.
Over the last year of 2017, we have seen a huge rise in the number of fixed rate mortgages that have been applied for and approved. There has also been a significant drop in the popularity of variable rate remortgages, approvals for which account for a very small percentage of all business done.
Remortgaging reached record levels in 2017, with the most popular product being the 5 year fixed rate. As market uncertainty impacts the economy and consumer confidence, understandably, people are opting to lock into a deal that covers the entire period up to when the UK leaves the EU and beyond.
No one really knows what is going to happen to the base rate over the coming months. Consequently, the popularity of variable rate mortgage and remortgage products has fallen away as borrowers seek certainty.
With so much experience gained in the market over the last 12 years, Deal Direct is in the very advantageous position of being able to advise you of the latest trends as they are happening.
We offer to fully review your circumstances and recommend the best mortgage solutions for you, regardless of whether your motivation is to save as much money on fees as possible, to stabilise your outgoings, find a product that satisfies your need for flexibility or all three.
For the most useful mortgage advice that can help to make your future secure in what could be a very unpredictable year, come to Deal Direct.