AMS Look At The Latest News In The Mortgage Market
no he's not running for local government perish the thought !
This week’s show saw the Debt Dr tackle the $64,000 question of ‘what’s going to happen to mortgage interest rates?’
Firstly, if your current mortgage deal is coming to an end, visit an Independent Mortgage Adviser such as Assured Mortgage Solutions to discuss your options. We don’t have a crystal ball and can’t possibly predict what’s likely to happen to interest rates but we do have some great data that should give you some indication. The Monetary Policy Committee(MPC) has maintained the base rate at 0.5% for well over a year now and this looks to continue well into 2011. We are then likely to see a very small rise of around 0.25% taking the base rate up to 0.75% by around August time. However, this is not a guarantee.
The market is currently offering some fantastic remortgage rates at the moment so long as you have sufficient equity within your property. For some though, a move to their lenders standard variable rate could well be the best option available.
Call us today for free on 0800 612 2472 and we can look to see what we can do to help you. As part of the Mortgage Advice Bureau you have the backing of one of the UK’s largest Mortgae Networks. We have 450 branches Nationwide.
Lee Dunville
Assured Mortgage Solutions
Tags: ams, assured mortgage solutions, Lee Dunville, mortgage advice bureau, remortgage
