Mortgage lenders still offering sub-2% rates
Many of the mortgage lenders are offering fantastically cheap rates and nearly 30 of them still have sub-2% deals available.
With the Funding for Lending Scheme being withdrawn for mortgages shortly, it is likely that many rates will increase over the coming weeks and months. Although, it is very difficult to predict exactly how much they will go up by.
Aaron Strutt, product manager at Trinity Financial, says: â€œSome of the mortgage lenders are telling us that it should be possible to remortgage before Christmas and we have already started to receive calls from clients asking us if we can reserve a rate for them.
â€œScottish Widows is offering one of the lowest two-year fixed rate mortgages at 1.79% and it has a £1,499 fee. Borrowers will need a 40% deposit to access this rate and it has an APR of 4.1%.â€
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November 29, 2013