While it’s not possible to provide any guarantees about future mortgage rates, economists are broadly in agreement with each other in saying rates should start to come down in the new year.
In October, following the mini-budget,
rates soared to over 6.5% in some cases. But the best mortgage rates on offer now (16/12/22) are as low as 4.55%.
Despite more base rate rises expected from
the Bank of England throughout 2023, though, the most competitive mortgage rates are expected to keep coming down.
My Mortgage Maker is a mortgage broker in Bristol. If you live in or near the city and want to
benefit from the best mortgage rates,
get in touch.
Trying to find the best mortgage deal without the help of a broker is tricky. This is
partly because brokers have good knowledge of all the products available, but
also down to the fact that some lenders offer exclusive deals through brokers
that you can’t get by applying directly.
With rates higher than we’ve become used to
right now, finding the best mortgage
deal is more important than ever. To discuss your mortgage or remortgage
options, call today.
