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.

Recent posts

If you are looking at remortgaging your property but you are unsure whether it’s the right decision, we have listed five reasons why it might be for you.

As the cost-of-living crisis continues, many people across the UK are struggling financially, many of whom are finding it hard to get debt-free.

According to research by StepChange, there are five common reasons people don’t seek help and advice with debt concerns.

Friyay Rate Reviews

6 Feb 2024

Every Friday our experts search the market for the latest rates from every lender saving our clients some serious £'s!

Looking to Extend?

2 Feb 2024

Are you looking to extend your property? There are many benefits to adding an extension to your existing home, here are a few. 

Put simply, Equity Release is where you can release equity (money) tied up in your home for any purpose you like. In this short article, we share some reasons why you may want to consider Equity Release.

The team at Mortgage Required may not be able to lower the prices in your local supermarket, but we have come up with a list of tips to help you lower your food shopping bill.

Every year Big Energy Saving Week takes place to raise awareness about energy efficiency, reducing energy bills, and combating fuel poverty. Below are some ways you can get involved and hopefully make a saving!

In this blog we look at what happened in the housing market in relation to house prices last year, and look ahead at the forecast for 2024.