Lockhart Grey Financial Planning Ltd

Our present recession has resulted in near 0% interest rate but this mortgage trend wont stay this way. When the recession finishes, interest rates will increase quickly and the majority of home owners could be tied in on costly tracker rates and standard variable rates (SVR). The latest rounds of quantitative easing by the Bank of England may mean that interest rates may start rise much quicker when the economy starts to recover.

now is the best time to read up on and secure the best fixed rate mortgage solution. Many lenders are advertising very attractive rates at the moment to bring in new customers. If you leave the application for a new fixed rate mortgage too late, interest rate may become too high for homeowners and the new higher rate monthly payments may be seen as unaffordable for your own personal circumstances and homeowners may be declined.

Lockhart Grey can find the best and most appropriate mortgage solution for you to meet with your own financial circumstances. If you are looking for a fixed rate mortgage then please email our mortgage advisors now before it?s too late and the interest rates become too high.