Property News · June 24, 2016

Fixed-rate mortgages 'likely to get even cheaper' after Brexit


Home loans expert predicts a raft of lenders will offer lower-priced deals to borrowers as their cost of funding fallsThe Brexit vote looks set to push already cheap fixed-rate mortgages to new lows, with a raft of lenders likely to cut borrowing costs for new customers in the coming days, according to a leading home loans expert.Ray Boulger, of mortgage broker John Charcol, said a fall in gilt yields would reduce the cost for lenders of longer-term funding “and hence open the door for even cheaper fixed-rate mortgages”. Continue reading…

Source : theguardian.com
Read more…Fixed-rate mortgages ‘likely to get even cheaper’ after Brexit

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