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GOOD NEWS!!!
I know it’s been a while, but this week has definitely seen some good news in the mortgage market!!!
Since Luz Truss’s resignation the money markets have started to calm a little and number of the lenders that had withdrawn from the market have returned.
But even better, over the last couple of days some of the big high street lenders have actually reduced theirs rates slightly for the first time in many months, with more to follow!!!
Other lenders have started bringing back more of their product ranges, and a least one large BTL lender has just reduced it’s rental calculation stress rates, making it easier for property investors to get the funding they need.
Obviously, there is a lot of talk about another Bank of England Base Rate rise next month, but with the mortgage market stabilising and improving after weeks of uncertainty and chaos, now might just be the perfect time to lock in that fixed rate you’ve been thinking about.
Expert advice is more important than ever, so please feel free to get in touch with Neil Bird for a chat.
Call: 07730 511350
Email: neilb@carams.co.uk
Facebook: https://www.facebook.com/NBMortgageAdviser/
