Mortgage broker, Deal Direct, advises not to bank on interest rates remaining low.

As an impartial and independent mortgage broker, we at Deal Direct advise clients every day on the lowest, most competitive mortgage rates from across the country.

We also advise on factors that could influence the market to help customers anticipate when the best time to obtain a mortgage would be.

The start of the year brought further economic uncertainty due to rising inflation. Rumours circulated that the base rate could see not one but two further increases before the end of the year.

Some mortgage providers responded to this news by reviewing their ranges, withdrawing some products and increasing interest rates on the remainder. Other lenders held firm and even sliced a few percentage points off their rates. That said it appeared that most were accepting it as inevitable that rates would rise overall in 2018.

However, since then, inflation has actually fallen to a level slightly less than predicted. This could mean that the market could see only one rise this year instead of two.

This may be the case but, Deal Direct would advise not to bank on interest rates remaining low.

Traditionally, interest in house-hunting surges with the advent of spring but there is no doubt that the market is very uncertain at the moment and rate rises could happen at any time.

Therefore, our advice would be not to wait to see what happens but to act without delay. Consult with us now about the lowest, most competitive mortgages available from your ‘whole of market’ broker.

We’re available to chat online or call us now on 0800 048 8828.