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Since Luz Truss’s resignation the money markets have started to calm a little and number of the lenders that had withdrawn from the market have returned.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.
For most of us, the most expensive thing that we ever purchase will be a property, and the prospect of saving for that all-important deposit can be rather daunting. However, the key to saving for that lump sum is simply good financial preparation and making a few changes to your outgoings which should reap big rewards. Take a look through our handy hints and tips and you’ll be in that new home in no time.
If you’re a first-time buyer and have begun the hunt for your first home, you may think that once you’ve found the right one you simply offer what they ask for; job done! However, when it comes to making an offer on a home, there’s a bit more work that should go into it than simply offering the price advertised.
You need to be confident when making an offer that you’re not going to be stung by an inflated asking price or take yourself out of the running by offering too low. To help you prepare, we’ve put together the following information to help you through this stage of the home buying process.