Brexit and Mortgages
With the uncertainty over the outcome of Brexit, a slow market and mortgage lenders competing for business, mortgage deals are very competitive at present.
For many first time buyers and home owners in London, South London and East London who intend to stay in their current home for the foreseeable future one question maybe, is now a good time to take a long term fixed rate?
Without knowing the result of Brexit, it is uncertain whether interest rates will rise, stay the same or even reduce.
For those wishing to have certainty a longer fixed rate is an option, for those sitting on the fence and willing to speculate, a tracker rate with no redemption penalty leaving you free to change your mortgage at any time is another option.
Speaking to a mortgage adviser and seeking advice has never been more important. So if you are thinking of buying or re mortgaging your home in London contact Ashleigh Mortgages on 0333 7720 173 and speak to one of our advisers.