Mortgage rates continued to fall during October as lenders tried to tempt homeowners to remortgage. The average cost of a tracker loan hit a new record low of 3.5%. Two-year fixed rate mortgages for people with a 25% deposit dropped to 3.72%, cost of a five-year fixed rate mortgage fell to... 4.85%.
In fact rates out there are better than most lenders SVRs and without fees!
So if you are paying 4.24% to Abbey, 5.99% to Accord, 4.99% to Alliance & Leicester, 4.24% to Britannia, 3.5% to Halifax, 3.94% to HSBC, 4% to Nat West, 4.79% to Northern Rock, 4.99% to Woolwich......................... NOW IS THE TIME TO DO SOMETHING!!
Best deals with higher equity, so act now before house price falls may reduce that equity.
No comments:
Post a Comment