Some good news at last for First-time buyers as a new wave of cheap mortgage deals, are on the market in August 2019.
This coincides with the rush to get into a new property for Christmas.
According to This is Money ” Mortgage rates have rarely been cheaper but in the past couple of weeks the cost of longer term fixed rates has dropped disproportionately – making the idea of fixing for 10 years or more look increasingly tempting”
E.surv, a Uk Surveyor has reported that a prolonged period of low rates coupled with flat house price growth has helped boost the number of mortgages approved to buyers with small deposits. This benefits first-time buyers as typically they are the buyers with less money to spend on deposits.
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