First Time Buyers – There are new incentives from lenders in order to encourage first time buyers. The number of 95% mortgages on offer remains constant, while financial incentives such as refund of Stamp Duty (up to £2500), free valuations and cash back on completion help to entice first time buyers. With rates at record lows, it really is a great time to buy. House prices in Essex increased by an average of 14% in 2016 and areas like Basildon grew by 19%.
Remortgaging – Rates are still dropping but surely can’t go much lower. With two-year fixed rates for that perfect customer now around the 1% mark, five-year fixed rates below 2% (and it’s even possible to have a 10-year fixed rate of 2.19%!) why wouldn’t you look at remortgaging?
In summary - The 2017 mortgage market is very, very different to what was happening this time last year and, from our point of view, it’s becoming more complex to understand all the intricacies that lenders are using to differentiate themselves from their competitors. After all, they simply don’t have the margins now to make it all about the rate. With this in mind, the Independent Mortgage Broker is now becoming a more valuable asset when it comes to choosing your next mortgage.
To review the mortgage choices available to you why not give Zing a call to book your appointment? Our advisers are available daytime or evening, weekdays and weekends. We’ll even meet with you at your home to save you any inconvenience. As our website says, we’ll be beside you all the way - smoothing out all the possible glitches, so your house-buying experience becomes as stress-free as these transactions can possibly be.
To book an appointment call us on 01245 673578 / 01277 285235, or email us on firstname.lastname@example.org or please visit www.zing-mortgages.co.uk for more information.