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January Sale on Mortgage Rates?

Mortgage lenders cut rates to meet end-of-year targets

December is often a quiet time for the housing market, something which has prompted banks and building societies to lower rates to try and attract the few customers looking for finance.

Interest rates for first-time buyer deals have dropped across the board, according to data provider Moneyfacts. The average rate for a two-year fixed mortgage with a 5pc deposit is now 3.33pc, down from 4.02pc a year ago.

Those customers who saw their variable rates increase following the Bank Rate rise in August  could save thousands of pounds by switching to a cheaper deal.

So if you do just one thing in the New Year and make just one resolution – make it this one: don’t pay more for your mortgage than you need to, switch and save! We can do the paperwork for you and we can save you some money too – just what’s needed right after Christmas.

This Christmas we are closed from Friday the 21st December and re-open on Wednesday 2nd January. You can contact us via email or social media any time. So ask us about a better homeowner mortgage, buy to let or re-mortgage deal anytime.

We wish you all a Very Merry Christmas and a Happy New Year. Nadolig llawen a blwyddyn newydd dda.