Mortgage Deals going Cheap Really?

Are you considering changing your mortgage deal because now is a very good time to switch your mortgage product.

Why is now a great time? Well we have Brexit which is damping down the economic climate at the moment in Britain. However this is a positive and not a negative because most consumers are waiting and not making any financial decisions at the moment.

There is a certain level of uncertainty across the globe at the moment which is having a ripple effect across Britain. The ripple effect is that because long term internal bank to bank lending rates have dropped over the past three months, this decrease has now been passed on to the mortgage borrower. Mortgage lenders now have tranches of money which they have borrowed at a cheap rates. Therefore they are passing on this cheaper money to the consumer so rates are low for fixed rate products at the moment.

At the moment subject to personal circumstances there are plenty of mortgage products on a 2 year fixed deal below the 2% mark. If your current mortgage deal is coming to an end use a independent mortgage broker they will have access to mortgage products not available through the high street banks, plus information about what each lender is looking for in terms of client criteria that is not made available to the general public.

If you like a free consultation and a professional recommendation on the best mortgage for you call Paul on 01902 213201

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