The mortgage market is like most other businesses – highly competitive with lenders all vying to attract new customers, and for those looking for a good mortgage deal, this represents an excellent time to get preferential lending rates. With uncertainty over Brexit and the money markets, lenders are looking to win over new mortgage borrowers, with extremely low rates and fixed term borrowing.
Sally Walls, mortgage consultant with Homeline Mortgages says that homeowners should look to taking advantage of the current market, commenting “There is something of a mortgage war going on with ten-year fixed rate deals as low as just 2.2%, and an average of 2.76%. The money market is highly competitive and that is a win for consumers, providing the opportunity to borrow for a longer period with greater certainty and security.”
Sally added, “As independent mortgage brokers it is our role to keep a watch on the best deals for our clients, and traditionally fixing for a longer term has cost more. Now to secure a rate for a decade is hardly any different to fixing for shorter periods, and with interest rates so low it makes sense to utilise home loans at rock bottom prices.”
Whether you are looking to arrange a completely new mortgage or want to re-visit your current arrangements, Homeline experts can provide you with various options based upon your individual circumstances.
“We offer initial consultations completely free of charge, and we are confident that we can source a good mortgage deal on your behalf by scouring a wide range of banks and building societies. Having our finger on the pulse means that we can advise you on the current market situation to help you plan your household budgets.”
To book an appointment call 01202 937444 or email sally.walls@homelinemortgages.co.uk
A fee may be charged should you proceed with a Mortgage or Protection application. Please ask your adviser for further details. Your home may be repossessed if you do not keep up repayments.
