Financial Times - Homebuyers urged to lock in ‘summer sizzlers’
Mortgage brokers are urging homebuyers to take advantage of a spate of summer deals ahead of an expected base rate rise by the Bank of England.
Banks and building societies this week trimmed interest rates on a selection of fixed-rate mortgages, aiming to attract new borrowers during the slow August period.
Aaron Strutt, product manager at broker Trinity Financial, said the picture remained mixed, with some lenders increasing their rates over the past month as well as others bringing them down. Many were looking to increase their lending in certain areas. “Some of the banks aren’t on track to hit their lending targets, partly because of the regulatory environment and partly because the market has slowed slightly.”
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