Offers for homeowners may look improved but deals are likely to come with larger product feesBank of England leaves interest rates at 5.25%Next move is likely down – analysisUK homeowners and buyers can expect a rash of mortgage deals with eye-catching rates but a sting in the tail from higher fees as banks try to find ways to attract more business against a backdrop of 5%-plus interest rates.With the Bank of England opting on Thursday to keep interest rates unchanged at 5.25% for a second time in a row, and with most analysts believing they will stay at or around that level for some time, some mortgage brokers predict we will see more product innovation over the coming months as home loan providers compete to entice borrowers and hit their lending targets. Continue reading…
Source : theguardian.com
Read more…UK mortgage lenders will use eye-catching rates to compete for business
