Mortgage lenders have recently re-priced products based on an anticipated 0.25% interest rate increase tomorrow. That would be the 15th consecutive increase, taking the base rate from 5.25% to 5.5%, but this now looks less likely.
Financial markets have reacted to the inflationary figures with short-term (2 and 5 years) Swap Rates falling by almost 3%, adding strength to lender’s recent mortgage product repricing adding stability, which again substantiates the theory that the turbulence that started in 2022 is behind us and we are starting to see definite signs of recovery.
If you are looking to benefit from the latest rate reductions get in touch by calling on 0800 0350095 or click on the button opposite and one of our experienced advisers will call you back.