If you had any doubts that the great mortgage deals were now a thing of the past after the Bank of England Base Rate rise, then think again.
It was announced last week by two market leaders that they will be offering a ten-year fixed mortgage deal as well as another market leader announcing rate cuts.
It’s an incredibly exciting time in the mortgage markets and more and more household names compete to offer the best mortgage deals on the high street.
For those planning on staying in their current property for the long-haul then they will be interested to know that Halifax and Lloyds are both now offering 10-year fixed mortgage deals which are incredibly tempting. These deals mean that a customer can tie into a fixed mortgage rate, knowing exactly how much they’ll be paying for the next decade whether interest rates rise or not!
It is highly likely that the Bank of England will make changes to the Base Rate in the next ten years so a deal like those being offered by Halifax and Lloyds are perfect for those who aren’t planning on moving house any time soon.
For those looking for a great deal without the long-term commitment, then Santander have recently slashed many of their mortgage rate offerings by up to 0.3%. This doesn’t sound like an awful lot but depending upon the size of the mortgage, this could add up to hundreds of pounds over a 12 month period.
If you’re looking for a new mortgage deal then why not speak to one of our Mortgage Advisers, you can call 03333 44 85 11 or email email@example.com