With mortgage rates set to rise lock into a cheap deal while you still can.
If you are looking to buy a home or remortgage, you are advised to lock into a deal NOW before mortgage rates rise.
Ultra low mortgage rates may not be on offer much longer due to recent rate increases in capital markets. These increases are being predicted to lead to mortgage rate increases before long.
Despite the BOE Governor Mark Carney having indicated just two weeks ago that interest rates would stay at 0.5%, the market does not believe this likely.
While initially it was predicted that mortgage rates would stay low, more recent indications are that rates are likely to rise, and soon.
Banks and lenders have already started pushing up interbank borrowing rates ignoring BOE guidance.
With this news borrowers are being urged to lock into a fixed rate deal now and not wait to see if rates could fall lower.
There is likely to be no benefit in waiting any longer, the risk mortgage rates could rise may end up costing you dearly if you fail to act.
Mortgage rate re-pricing is already happening so get yourself a low rate deal while you can.
If you are looking for a low rate mortgage Deal Direct can help. We are an independent 'whole of market' broker with access to the cheapest deals on offer.
Call now for a low rate mortgage on 0800 048 8828.
