Fixed Rates Continue to Fall

The reduction in fixed rates contnues as Santander and Hinckley & Rugby BS both announce large reductions on their fixed rate products.

Even better is that the reductions are not only being applied to deals requiring hefty amounts of equity, with some excellent rates for remortges with a loan to value of up to 85% and large reductions being made to first time buyers with only 10% deposit.

I feel that we will find that over the next couple of months fixed rates will reach the point where they are unlikely to get an lower. 

Moorgate Financial Services are currently monitoring the situation for a large number of customers. Make sure your adviser is doing the same and if you don't currently have one, contact a whole of market, independant broker and register your details with them. Of course, Moorgate Financial Services are independent whole of market advisers.

If you are looking to buy for the first time, I feel this could be an excellent time to do so with their being excellent rates and some real bargains to be had.

Steve O'Mara