Buyers should move quickly on mortgage deals
Homebuyers in the UK should make sure that they are securing good
deals on mortgages whenever they see them, as these prices and
rates of interest will not always hang around for long.
According to uSwitch, the recent pulling of HSBC's lowest five year
fixed rate 2.99 per cent deal, which was a market leader, shows
that lenders are not keen to give good rates over a long period of
Michael Ossei, personal finance expert at uSwitch.com, said:
"Unfortunately good rates like this don't tend to stay on the
market for very long so when you do see a good deal it's best to
act quickly or risk missing out.
He went on to advise anyone who can afford to get themselves a
mortgage to do so as early as possible to make sure that they are
not having to settle for more expensive products further down the
line when they are buying their home.