UK Property Finance Warns of Inevitable Hike in Mortgage Rates Coming Soon

Leicestershire, United Kingdom, December 12, 2016 (Newswire.com) - One of the UK’s most reputable financial service brokers has warned thousands of would-be movers across the country that the time to take the plunge could be right now. Following an extraordinary period of ultra-low mortgage rates that broke every record in the book, UK Property Finance Ltd warns we’re now entering an era of inevitable increases.

Not only have a number of banks and major lenders already begun increasing their rates fractionally, but many more have confirmed that they will be following suit over the coming months. Economists do not expect mortgage interest rates to spike dramatically before the end of the decade, but next year and the years to follow are almost guaranteed to see rates increase. As far as the team at UK Property Finance is concerned, the best and perhaps the only time to lock in the best possible rate is right now.

Economists do not expect mortgage interest rates to spike dramatically before the end of the decade, but next year and the years to follow are almost guaranteed to see rates increase.

Gary Latham, Managing Director

Mortgage and Finance Brokers for the UK

“Being a whole of market mortgage broker means that we can offer products from a range of mortgage providers which is representative of what is available from the whole mortgage market. Put simply, this means that we as a mortgage broker in the UK; take all the hard work in terms of sourcing the most appropriate mortgage product for you.” – UK Property Finance

The simple fact of the matter is that mortgage rates were never expected to remain at record-lows permanently and nor could they. It was inevitable from the start that things would have to once again take a step in an upward direction, which many rightly predicted would begin late-2016 and continue throughout 2017. The impact of the Brexit vote further contributed to record-low interest rates, as did a number of other key global events throughout 2016.

As it stands right now however, the dust is beginning to settle and things are once again showing signs of movement. To date, increases in interest rates of around 0.4% have been about the average, though this could accelerate further throughout next year. What’s more, even a fractional increase in interest rates can add up to heavy long-term costs – all of which could be avoided by investing sooner, rather than later. 

Experience and Expertise

“We have been operating as mortgage brokers within the UK for well over 10 years and have a reputation that is second to none. We provide mortgage and insurance services from a vast array of lenders and our consultants and advisors are fully trained in obtaining the very best deals on mortgages and insurances for our clients.” - UK Property Finance

Along with operating as an all-of-market mortgage broker, UK Property Finance also offers access to comprehensive range of alternative, intelligent financial solutions for all purposes. From commercial developer finance to secured loans to the highest quality bridging loans, there’s no easier way of gaining access to a wide variety of potential borrowing options.

Source: UK Property Finance