Please see attached our rate sheet showing the most competitive deals in the UK mortgage market as of this morning. While the rate market remains hard to read, we have seen some very gentle increases in rates across all LTV brackets, however I can confirm that at this time, there is no need for hoarding cans of baked beans. With UK inflation forecast to be the highest in the OECD, at the same time as Andrew Bailey leaving the door open for further cuts if inflation compounds expectations and the job market continues to cool, it remains anyone’s guess as to where rates go from here. With so many ‘trial balloons’ released by Treasury coms relating to changes to property related taxes, it is of no surprise that both the mortgage and property market seem to be stuck in a crouch position awaiting the outcome of the budget. Once we know the details of any tax and spending changes, for better or for worse both markets will likely start to move in one direction or another.
(Harry Arnold, Director at Anderson Harris)
This website uses cookies to ensure you get the best experience on our website. More info
