According to the latest credit conditions survey, swap rates (money market rates) are falling, and mortgage lenders therefore expect interest rates to fall in Q4.

Buy-to-let is expected to see even greater falls in pricing in the coming three months, after significant drop in the cost of loans in Q3.

Of course many banks and building societies use their saver’s money to fund their borrower’s mortgages, but swap rates are often seen as one of the biggest influences on fixed rate pricing.

The lowest mortgage rate I could find today was a staggeringly low 1.24% fixed rate for 2 years (Halifax) for a residential mortgage if you have a 40% deposit and 2 year tracker at 2.29% for Buy to Lets with Nat West.

Even 90% mortgages are coming in under 3% nowadays which shows there is a definite improvement in lender’s willingness to lend to borrowers with a deposit of 10% or less. This begs the question…How low can they go?

For more information contact us or to speak to an adviser on 01628 507477.

Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be no fee for Mortgage Advice. There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, but we estimate it to be £399.

Mortgage Required Ltd, Finance House, 5 Bath Road, Maidenhead, SL6 4AQ is authorised and regulated by the Financial Conduct Authority reference 573718 at www.fca.org.uk.

The Financial Ombudsman Service is an agency for arbitrating on unresolved complaints between regulated firms and their clients. More detail can be found on their website: www.financial-ombudsman.org.uk

Call: 01628 507477