If you are considering buying a property in Bromley and surrounding areas in the near future, then the following article is a definite must read. The improving UK economy, inflation and other factors point at rising mortgage interest rates in 2017.
The timing of your purchase is a very important factor in making buying decisions. Being aware of several factors mentioned in the below article, including actions made by the big lenders, will be a definite asset in your future decision making.
The cost of money is not the only factor affecting rates. Competition among lenders plays a role also. Read this article to see what I mean!
- This is good time to get mortgage or remortgage. before anticipated rates rise
- There are some great deals out there right now, which may not last long. So look for them.
- Lenders have been lowering funding costs because they are hungry for more business.
"The trend for mortgage rate cuts is coming to an end and both brokers and clients should prepare for hikes this year, according to industry experts."
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