|
|
| |
| |
Mortgage 'price War' Ignites Hope |
|
(19th August 2008)
Signs that the stagnant mortgage market is on the rebound have been welcomed by an independent financial adviser, as lenders battle it out for new customers.
Abbey and Halifax entered into a price war last week, offering low-rate mortgages.com" title="" target="_parent">tracker mortgages to buyers able to put down a substantial deposit.
In a move aimed at boosting the number of new borrowers on their books, the high street lenders introduced two new tracker-deals with rates below six per cent, and the Fair Investment Company hopes that other lenders will follow suit.
David Doulton, director at Fairinvestment.co.uk, said: "This is great news from our two biggest lenders for those homeowners who have enough equity or a big enough deposit to be eligible for these deals."
He added that it was a positive move by the banks and shows they are taking their responsibility to borrowers seriously by cutting rates.
New research published by MForm.co.uk shows that the most competitive mortgages.com" title="" target="_parent">mortgage rates have increased by 0.64 per cent when compared with last year's figures.
|
News brought to you by Start Again Finance, specialists in bad credit mortgage advice, loans, credit cards, savings and insurance |
|
| |
|
|
|
|
|
|
|
|
