Posted on Thursday, January 12, 2023
Chancellor Jeremy Hunt has been working to reverse most of Kwarteng’s measures made in the September mini-budget, which momentarily rattled the mortgage market to react. The good news is that early January signs are that mortgage deals are starting to improve already – a great sign of things to come.
The consensus is that mortgage rates will gradually decline throughout the year, even if interest rates go up. Some predict that fixed rates could fall below 4% by early 2024.
Many large lenders have slashed their rates in the last couple of weeks to below 5%, including TSB and Nationwide – more are highly likely to follow this lead and are already reviewing their deals.
Everyone’s mortgage is as unique as they are, so there’s no better place to start your search than with an independent mortgage advisor who has sight of hundreds of lenders and their offers, that are dynamically changing for the better right now.
If you're searching far and wide for a good deal to get you moving, get in touch with your local branch today and take advantage of having just one conversation with our mortgage advisor – then sit back and let the right offers come to you.