Wednesday, 28 June 2017

Era Of Cheap Mortgages Is Almost Over

Mortgage rates have hit rock bottom and can only go up, the Council of Mortgage Lenders has warned. Households are currently benefiting from the cheapest home loans on record after a fierce mortgage price war between lenders. This has caused a surge in remortgaging as families across the country rushed to snap up cheaper deals. It has also helped more first-time buyers get on the property market. These two groups have driven the housing market as a slowdown in house price rises, and falls in parts of the country, have made existing homeowners reluctant to sell. But the CML suggested the era of record low mortgages may be coming to an end. Read more on the Daily Mail website.

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