I see that, in order to return inflation to the 2% target, there may need to be an adjustment of interest rates in the coming month” Mark Carney, Bank of England Governor, 14th September 2017.
So, the writing is on the wall for an interest rate rise soon, which will, of course, permeate through to mortgage rates and a rise in fixed rate terms quoted by lenders. Right now, there are still some tremendous mortgage products out there and many fixed rate schemes could take advantage of the current level of mortgage rates and safeguard your position for the next few years. We would, therefore, recommend that you look to buy or sell now before mortgage rates rise!
There are some fantastic properties available to buy through your local Humberts office, priced to sell before the end of the year and, conversely, we also have a large bank of motivated and qualified buyers who want to move before Christmas.
Call us today so we can help get you moving.