UK mortgages may now become more affordable.
The cost of mortgages in the UK may come down this summer. A massive injection of cheap funding has been announced by the Government.
The Chancellor George Osborne recently announced that around £100 billion in cheap funding will be made readily available to lenders. He has stipulated that the cash injection is available to lenders on the condition it is used for small business lending and cheaper mortgages.
This is very good news for would-be buyers as once released the funding could result in cheaper mortgage rates.
Finding the best UK mortgages on offer can often be a confusing business. As there are thousands of mortgages to choose from at any one time, it pays to contact Deal Direct for expert advice and guidance. Making a mistake with such a massive long term commitment could end up being catastrophic for your finances.
Recently we announced that lenders average mortgage rates were increasing, but now banks are to have access to cheap mortgage funding the hope is they will begin to reduce their mortgage rates.
It is difficult to know exactly when and if rates will come down, however Deal Direct will be keeping a close eye on the market to ensure that our customers have access the cheapest mortgages on offer.
For a competitive mortgage quote contact Deal Direct.
