21/04/2023
This weeks MORTGAGE UPDATE!!! 👀👍
🏠💰📈 Last month, there hasn't been much change in the residential or buy-to-let mortgage market.
Some lenders are offering low loan-to-value mortgages at below 4% again, and there are some tracker options that are only 0.10% above the base rate for those willing to take a calculated risk.
Buy-to-let mortgages haven't seen much movement in rates or criteria, but some lenders are now considering lending on high-rise flats again, subject to valuation comments. This is great news since it's been a problem since the tragic events of Grenfell.
The main thing to remember is that lenders want to lend! 💸👍
📊💵🏦 This week, the best residential 5-year fixed purchase rate at 75% LTV (when considering fees, costs, and cashback) is HSBC at 3.95%. The best 2-year rate is Barclays at 4.15%.
For buy-to-let purchases at 75%, the best 2-year rate is 4.94% and the best 5-year rate is 4.47%. 💼💡
Contact our estate agency today for expert advice on your property search and for mortgage options call Shane Livingstone 07887 568568📞🏠💰
