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Now is the perfect moment to remortgage because mortgage rates are at an all-time low.

Updated: Jul 14

Now is the perfect moment to remortgage because mortgage rates are at an all-time low.

Those looking to remortgage or purchase a new home can save a lot of money thanks to a drop in mortgage interest rates and more competition among lenders. Lenders are now competing for more consumers, and rates have dropped to 0.94 percent for a two-year fixed rate remortgage, the lowest they've ever been.

According to the latest Moneyfacts UK Mortgage Trends Treasury Report, there is now a bigger variety of mortgages available than there was in the previous 16 months, with 4,512 offers available, up 269 from June 2021. More agreements are available for people with a 95 percent loan-to-value (LTV), up 61 to 253 in June 2021, indicating stronger competitiveness across the market.

Borrowers may now take advantage of the lowest two-year fixed rate mortgage rates ever seen, with TSB and HSBC both offering an initial rate of 0.94 percent. Borrowers who wish to take advantage of these top remortgage deals must have a maximum LTV of 60%, a strong credit score, and be able to easily match the lender's affordability and underwriting criteria.

Drop a mail to andy@harveybowes.com to get a quote for your home loan or check out the facebook pages of UK Smart Property, and Andy Coghlan Harvey Bowes.

#finance #uksmartproperty #AndyCoghlanHarveyBowes #debt #mortgage #mortgagebroker #debt #smartfinance #property #harveybowes #economy #housing #realestate



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