Thursday 23 July 2015

Money is cheap to borrow - but for how much longer?

With the Bank of England base rate at its lowest for six years, Governor Mark Carney has indicated our economy is sufficiently robust to accept some gradual increase over the coming period. As light follows day, and bankers being bankers, one thing is certain - mortgage rates will rise! Let’s not panic though - the deals are still good compared with historic levels with higher rates unlikely to be excessive. But it does seem to indicate that the next few months offers an opportunity to new buyers, investors and home owners alike to explore the best deals while they are still available. Lex Allan offers a mortgage health check to ensure you won’t pay over the odds and secure the deal that’s best for you - now.









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