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When to lock in mortgage rates, now or later this year or early next year???

JK4158 · 2023-06-23 10:48:40

Hi I and my partner are FTB and we are killing ourselves thinking about this! We are currently renting and the tenancy expires in Feb next year. So ideally we want to start making offers from later this summer (assuming it will take ~6mths to completion). We talked to a few brokers: one is recommending we wait until end of…

Comments

RelievedSheff Posts: 12,973 Forumite

24 June 2023 at 7:28AM

Sarah1Mitty2 said:

Newbie_John said:

I'd go for option 4) Wait a year for this madness to calm down, and then start looking - in a year time either rates will go down or properties values will go down. Your residency status will be better, possibly higher deposit etc.

Yep, wait for prices to go down and then see what rates you can get.

How has that gone for you Crashy?

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