Is it time to Fix your mortgage?
Bank of England may not be increasing interest rates just yet, but some lenders fixed rates are increasing.
Leading Business Economist Professor Dominic Swords has made the following comments on the market:
" …. in my mind the fear and fact of government cuts are not so much likely to place us in a double dip but will slow the pace of recovery …"
" … A delayed recovery would put back the Monetary Policy Committee's actions to raise interest rates even in the face of stubbornly high inflation. So, by the end of the year we are likely to see base rate rise to some 1 to 1.5% on that basis.
|  | The markets will inevitably judge 2011 to be the year when the economy and interest rates turned a corner. Experience suggests they will anticipate this by increasing longer term rates ahead of any MPC to raise rates. The next quarter will provide further potential triggers to rise their rates such as the confirmation of Q4 GDP growth figures and January retail sales data …"
Prof Dominic Swords 02.02.11
www.dominicswords.com
If you are currently on a standard variable rate mortgage or simply looking to re mortgage now could be an ideal time to take advantage of low fixed rate deals before they increase. Please call me on 07979690056 to discuss options.
Buy to Let Mortgages now available up to 85% Loan to Value. |
Call now 0845 345 5111 and speak to Andrew with your enquiry.
Click here for online mortgage quotes and best buys
Kind Regards,
Andrew Simmonds
Mortgage and Family Protection Consultants
Ascot Lloyd Financial Services Ltd
Edward Court, Wellington Road,
Wokingham, Berkshire RG40 2AN
Web: www.ascotlloyd.co.uk
Email: mortgages@ascotlloyd.co.uk
Phone: 0845 345 5111 |
| These Products may be withdrawn any time, information correct as of 02.02.11
Your home may be repossessed if you do not keep up repayments on your mortgage.
A typical fee for mortgage advice is £199.00 although this isn't always payable. | Ascot Lloyd Financial Services Ltd
Tel: 0845 3455111 | Fax: 0845 3455311
Email: mortgages@ascotlloyd.co.uk | Web: www.ascotlloyd.co.uk | Ascot Lloyd Financial Services Ltd is authorised and regulated by the Financial Services Authority no. 150620. Edward Court, Wellington Road, Wokingham, Berkshire RG40 2AN
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