Lock into a low rate deal before rates rise.
Whether you are looking to buy a new home or just remortgage and want a fixed rate deal, you are advised to lock in sooner rather than later as we are beginning to see an emerging trend of rising rates.
To delay your search could prove a risk as rates could rise before you find a mortgage, this could mean you end up paying significantly more for your home when eventually you get around to searching for a deal.
Don't take a risk with your finances, find a cheap mortgage while you still can, failure to act could mean paying more for your home which makes no sense if you can act and get a cheap mortgage now.
Historically low mortgage rates will increase at some point and you don't want to get caught out when this happens. The BoE are now saying the interest rate will rise earlier than expected and so it makes sense to protect yourself while you can still get a cheap deal.
Some banks have begun to increase their mortgage rates, already we have seen NatWest and Santander hiking theirs. Home-owners are therefore advised to find a cheap deal while they can, waiting to see if rates will go lower could be a costly mistake. Failure to act could end up costing you more in the long run.
If you would like a low rate mortgage quote call one of our MMR compliant advisers.
We are an independent 'whole of market' broker with access to the cheapest deals on offer UK wide.
Call 0800 048 8828 for a personalised quote.
