Christmas Mortgage Deals

Take Advantage Of Lower Mortgage Rates This Winter

Tis' The Season For Lower Mortgage Rates

If you currently are on a fixed rate mortgage deal act now to grab some sensational fixed rate mortgage deals.

Speculation on interest rates and the sluggish market due to the uncertainty over Brexit means that lenders are cutting prices, even ahead of expected interest rate cuts by the Monetary Policy Committee. Now is the perfect time to contact your local independent mortgage adviser to see how much you can benefit from the current competition.

How The Current Mortgage Market Benefits You

The Bank of England’s Monetary Policy Committee, meeting on the 6th November 2019 voted 7-2 to keep interest rates unchanged last week. The interesting part is that the dissenting two voted for an immediate rate cut. This will be interesting to watch over the next few weeks.

As a result of all this talk around rate cuts, we are seeing some incredibly low rates, with Virgin Money launching a 5-year fixed-rate at just 1.46%, (3.50% APRC) to 65% LTV with free legals and valuation for remortgages.

Not wanting to be left behind the high street’s biggest lender, Halifax, has released a stunning 1.44%, (3.17% APRC) 5-Year fixed rate up to 60% Loan-To-Value. They also now have a variable tracker rate product priced at 0.98%, (3.69% APRC).

There are 12 lenders with 5-year offerings below 1.6% , and even 10-year fixes are reaching an extraordinary level now, for example the Coventry Building Society at 2.2%, (3.09% APRC).

Overall then, for standard residential mortgages, borrowers can obtain 2-year fixes at 1.05%, (3.74% APRC) and 5-year fixes from 1.44%, (3.20% APRC) whilst variable tracker rates are around from 0.98%, (3.71% APRC).

Those looking for a Buy-To-Let can obtain products from just 1.35%, (4.69% APRC) for a 2-year fixed or 5-year fixes are available from 1.74% (3.68% APRC).

Next Steps To Take Advantage Of Rate Improvements

Get out details of your current mortgage, and call Morgans Mortgages for an initial conversation, free of charge.

We will review your current mortgage deal, along with your personal circumstances and objectives to understand how to best advise you.

We will make a recommendation, and if accepted, will deal with all of the paperwork for you. Potentially cutting the monthly cost of your mortgage, allowing you to borrow more for the same cost as your previous deal, or reducing the term of your mortgage at no extra cost.

Posted Wednesday December 18, 2019

Mortgage Advisors In Weston-super-Mare

Based in Weston-super-Mare, Morgans Mortgages Ltd offers excellent Mortgage and Insurance Advice for customers all across the South West.

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Mortgage Testimonials In Weston-Super-Mare

Mortgage Testimonials

"You can see the determination and experience they have really shine through when chasing up on every little detail from our providers"

Having Andy at Morgans Mortgages guide us through the process of buying our first property really helped take the stress out of the purchase. They were completely open and easy to contact- and you can really see the determination and experience they have really shine through when chasing up on every little detail from our providers. I couldn't recommend them enough!

J. Williams

"Professional, friendly and absolute experts in what they do"

I used Morgans Mortgages whilst buying my first house as both my Mortgage and Insurance Adviser. They were extremely helpful and took over all the legwork, letting us concentrate on all the other aspects of buying a house. Professional, friendly and absolute experts in what they do.

Jamie McGrory

"Andy helped me through every step of the way and I am so gratefully for his effort and help throughout the whole process"

I first came across Morgans Mortgages when I was highly recommended by a good friend, When talking to Andy I explained that I had been to other mortgage advisor who could not help me, we spoke about what I needed to achieve for me over the phone and arranged to have a meeting. Andy came around to my house where we had an in depth chat about what I want him to do for me and his company background etc. He went away from meeting and done lots of research before calling me saying he could help me, I was over the moon when I had the phone call as had been to other advisor who just couldn’t help me.

It didn’t stop there as Andy helped me through every step of the way and I am so gratefully for his effort and help throughout the whole process. With Morgan Mortgages you most certainly get an outstanding stress free service, I will and have been highly recommending Morgans Mortgages to anyone I think they could help.

William Harraway

As a good mortgage is so important to you, we do everything in our power to ensure you are satisfied with the advice we give you for such an important choice. Click here to read more of our customer testimonials.