Cheap mortgages could last for some time according to the CML.
The Council of Mortgage Lenders has recently said that cheap mortgages are likely to last for some time, due lenders improved funding conditions.
There was talk last month of the end of lenders cheap mortgage rates in reaction to an increase in swap rates, however this is now looking less likely to happen.
This year funding has gotten cheaper, and news that the Bank rate is likely to remain at 0.5% until 2016 has started to increase demand for mortgage lending.
The news is very good for mortgage borrowers, and if you are looking to purchase a new home or remortgage an existing property now is the time to do so.
The Government's Funding for Lending Scheme started to improve the situation for mortgage-holders 12 months ago, and since this time the market has gone from strength to strength.
Cheap rate mortgages are now on offer at all deposit levels. Whether you are looking for a fixed, tracker, discount or offset mortgage deal there are plenty of competitive offers to choose from.
If you would like to climb on the property ladder, move house or remortgage you are recommended to conduct a thorough search of all lenders mortgage ranges to ensure you get the best deal for your circumstances.
If you would like help to find the most competitive and affordable deal for your circumstances call Deal Direct for advice and a quote.
Speak to an adviser on 0800 048 8828.
We will help you find the right mortgage for your needs.
