The year has been stronger than expected so far for the mortgage market, brokers have suggested, with stabilising interest rates meaning that borrowers who ‘disappeared’ following the mini-Budget are back exploring their options.
Nearly three quarters of brokers say higher BTL product fees have not helped affordability – poll results mortgagesolutions.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagesolutions.co.uk Daily Mail and Mail on Sunday newspapers.
Santander for intermediaries will cut most new business fixed-rate loans by up to 28 basis points and selected tracker rates by up to 34bps tomorrow (21 March), which brokers hope will spur further cuts by lenders. The broker-only arm of the high street bank adds that it will add a five-year purchase fixed rate 60%
Could stability be returning to a previously unsettled mortgage market? In late January, Octane Capital revealed that average monthly mortgage repayments had fallen by 14% since the announcement of the September mini-Budget. Prior to former chancellor Kwasi Kwarteng’s fiscal statement last year, a typical two-year