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Thoughts on banks lowering mortgage rates?
milliebear00001
Posts: 2,120 Forumite
Hi there
I read today that many of the banks and building societies are about to offer better mortgage rate deals. I was planning to hold off buying somewhere for some considerable time, but does this move herald an early renaissance in the housing market?
All advice welcome!
I read today that many of the banks and building societies are about to offer better mortgage rate deals. I was planning to hold off buying somewhere for some considerable time, but does this move herald an early renaissance in the housing market?
All advice welcome!
0
Comments
-
not likely.
its mostly for existing homeowners - who often have lots of equity - or those FTBs with good deposits, 10% or even 25% for the best deals...
most of the 95% thru 125% people are still stuck at high rates, afaik.0 -
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