Lenders best mortgage rates may help keep the housing market buoyant.
With the end of the stamp duty holiday, lenders best mortgage rates could help the emerging property market to stay afloat. For there to be movement property market wide, green shoots development is essential and this begins on the first property rung,
First time buyers need to be offered lenders best mortgage rates and high loan to value deals in order to be able to make a property purchase. However increased regulation of lenders mortgage criteria, designed to aid the prevention of property boom and bust, could stifle purchase lower down the ladder.
Traditionally Easter is the time when the UK housing market comes out of hibernation. Currently the UK interest rate remains at 0.5 per cent and the Bank of England has recently reached a third round of asset buying which should boost UK funding supply by around £325 billion. This alone could mean we may see more of lenders best mortgage rates and an increase in available credit.
There is also the hope that the BOE's QE programme could lead to more lenders best mortgage rates becoming freely available at high loan to value levels, which could go a long way to helping those struggling to get on the property ladder.
Stagnant property prices and lenders best mortgage rates could keep the property market buoyant in the first half of this year which could improve the overall UK economy.
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