The Times - The great summer home-loan sale begins

Aaron Strutt, of Trinity Financial, the broker, agrees that the current range of fixed rates offers unprecedented value but believes that some borrowers should wait for even better deals down the line. He explains: “The decision to fix or not really depends on what you are doing. If you are buying a property and have a decent deposit, there has rarely been a better opportunity to secure a cheap fixed rate. Most borrowers couldn’t ask for a better selection of mortgages to choose from. Many of the lenders are offering their lowest ever rates and, unusually, their best deals are fixes rather than tracker rates. “The way that the banks are fighting it out to offer the cheaper mortgages, I would not be surprised if we saw the lowest two-year fixes priced at 1.5 per cent over the coming months, albeit with larger arrangement fees. “First-time buyer rates in particular are likely to improve, so homebuyers saving up their deposit can expect better rates to come. For borrowers sitting on an SVR, there is no rush to remortgage. Some of the big banks are still talking about lowering their fixed deals even further and pricing managers expect rates to come down even more.” Click here to view the full story http://goo.gl/QwaEb £ June 8, 2013