Over the past two days, both Barclays and Nationwide have notified us that they will be increasing their interest rates for new borrowers.

Whilst there is no need to panic as the increases are small, with two of the top five mortgage lenders in the UK increasing their rates, it is significant. Feedback from other lenders is that they are considering a rise in the near future.

The good news is that rates are still historically low with Banks and Building Societies still keen to lend. With this in mind if you are looking at taking out a new mortgage or re-mortgaging there seems little evidence to suggest there is any advantage in waiting.

Click here to check out the latest rates..

Your team at Mortgage Required are available 6 days a week to help you find the right deal to suit your individual needs.

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Skipton Building Society launches ‘Delayed Start’ mortgage meaning first time buyers won’t be required to make repayments for the first three months. 

According to a survey by Skipton, first time buyers who bought their home in the last five years found that in the first three months of living there, they were spending upwards of £30,000.

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