How are UK mortgage rates affected by the euro-zone crisis?
If you are concerned about how UK mortgage rates may be affected by the Euro-zone crisis, check the latest rates and predictions with Deal Direct.
If you are concerned about rising rates because you are on your lender's standard variable rate, Deal Direct can make a comparison of your existing loan with the current offers in the market. If your current deal is coming to an end and you are due to go onto a reversion rate, Deal Direct may be able to save you money.
The Council of Mortgage Lenders is reported to have said that uncertainty in the euro-zone could cause UK mortgage rates to rise. Difficulties in the euro-zone could also mean banks are more strict about their lending criteria and the level of deposit required for the best rates they offer.
If you can get a good deal now you may need to act quickly, while the best offers are still available. If lenders become more cautious and lending criteria more strict, the best mortgages could become harder to secure. If greater deposits are required, first time buyers may find it particularly difficult to find a suitable loan.
For the latest UK mortgage rates call Deal Direct. As experienced whole of market brokers we are seeing the trends in the mortgage market and constantly checking for the best offers available. We are well placed to secure the most competitive deals currently on offer.
Deal Direct can source a cheap mortgage deal for you.
