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The Market for First Time Buyers  

Assisted with the positive changes to stamp duty, the number of first time buyers with small deposits is expected to increase this year.  The other good news is that the mortgage rates for first time buyers with little deposits are also falling.  Several mainstream lenders have reduced their rates on their fixed deals, even offering cashback for first time buyers looking to secure their first home.

The Market for Those Not Looking to Move

The re-mortgage continues to grow, and that trend will continue in 2018.  The Bank of England predict another base rate increase late spring, probably another 0.25% and with over four million households on the lenders Standard Variable Rate (SVR), now is the best time to secure your new deal.  Fixed rate mortgages have been rising recently as has most lenders SVR’s, however; borrowers need to understand that generally, the SVR is not the cheapest rate out there.

The Market for The Landlords

With all the changes to the Buy to Let world, there hasn’t been a great deal of positive news for landlords recently.  There is good news, five years fixed buy to let mortgages are at an all-time low and this is giving landlords medium term stability.

So, if you are looking for your first step on the ladder, starting up; or expanding your current portfolio, or just looking to get the best mortgage deal for you, contact the Dinsdales Girls today.