The market is seeing a ‘rate price war’!
It’s always good to see a lender reduce their rates. Over the past few days, a number of lenders have taken action and cut a number of rate offerings. Some examples include Accord Mortgages who reduced some rates on selected fixed rates by up to 0.40%, Woolwich sliced a life time tracker rate by a huge 0.76% and other selected rates by up to 0.50%, the Halifax
The Ex Pat market is awash with enquiries from those living overseas looking to purchase back in the UK UK
Finally, August has been a flurry of activity and caught many of us out, which is a pleasant and great surprise! Of those approaching AToM, many are seeking straight forward simple human assistance having become confused by the huge amount of information currently available on the internet, or they’ve been turned away from the normal high street lender for no apparent reason, apart from maybe being told ‘credit score’. The majority are after the superb low rates currently available and also speed. Many high street lender products are available through mortgage brokers and can often be dealt with much more quickly than with the lender directly. But do also remember that lenders are incurring huge delays with processing and underwriting at the back end. In addition, August’s great business volumes won’t have helped clear the back logs!