Super low mortgage rates increase house purchase applications
Approximately 70% of Trinity Financial's clients are currently purchasing properties rather than remortgaging, and the increase is being driven by the low house purchase mortgage rates.
More of our clients are aware that rates are at a record low and that a good deposit will enable them to access some great mortgages.
Fixed rate mortgages do not get much cheaper than the Leeds Building Societies two-year deal at 1.99%. The arrangement fee is £1,999 and the lender asks for a 30% deposit, they will lend up to £750,000.
Northern Rock has launched some exclusive mortgages and they are not available on the high street. Trinity has access to their lowest two-year fix at 2.55% and the arrangement fee is £995. They require a 30% deposit.
13 October 2011
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