Saga - Are the new mortgage market rules starting to help the downsizing over 50s?
Borrowers will breathe a sigh of relief at claims that the mortgage market is now 'settling in' to new rules introduced which had stalled applications.
Aaron Strutt at Trinity Financial said: “The mortgage market has now started to settle down and the lenders are getting more used to the new compliance regime.
“There is more good news for anyone looking for a new deal as there seems to be more competition to attract new customers. At the moment the lenders are doing this in the form of cheap fixed and tracker rates.”
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