What does the future hold for borrowers.

Future trends and market changes are notoriously difficult to predict in the financial industry. Interest rates and mortgage lenders change based on factors which are not predictable through a simple process of logical deduction. Perhaps the best way to take a look at the future is to take a look at what is happening now, an the trends that are emerging.

 

The mortgage market is characterised today by a certain amount of uncertainty. Some lenders have recently announced rises to their fixed rate deals in order to mitigate the instability in the "swap rates" they receive (the rates the lenders themselves borrow at). Alongside this, borrowers are showing an increasing trend toget low fixed rate deals noe while they can. Certainly some schepticism about the future then.

 

The market is leaning on the cautious side, with lender and borrow decisions suggesting interest rates will rise. This will not be great news for those on base rate tracker deals, but better news for those with fixed rates adopted in favourable times in the past.

May, 8th 2007 TRY OUR MORTGAGE LENDER SEARCH TOOL

Choosing the right mortgage or remortgage

With so many mortgage products on the market... Fixed rate, trackers, capped, interest only, flexible rate, variable rates, offset... it can be difficult to decide which is the best to meet your goals. The criteria that each lender are looking for in a borrower are different as well. Meaning it can be difficult to make a complete application swiftly and efficiently.

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