The Bank of England has cut the base rate and you might have heard the news.
While it’s favorable news, the question is whether mortgage rates will be reduced simultaneously for the Chester area market which mainly consists of home owners and buyers. To be honest, what lenders do is not to react promptly most of the times.
The rate is affected by several factors among them: the cost of funds, general market conditions, and the base rate. Hence the little changes that happen may not be as pronounced as the ones that get media attention. But you still want to confirm it is a good move to check out the possible options. Lenders may be making slight modifications already, unveiling new products, or providing more attractive offers in different areas.
These shifts may not always be very visible; thus, reviewing the situation quickly may be a wise decision. Whether you are selling your house in Chester, planning to buy or it’s time to refinance, A Move Brokers can check it for you and tell you if there’s a better deal.
A Move Brokers helps A Move Homes, the local Chester estate agent, in the same manner.
That is, clients are supported throughout the entire procedure — selling their property and the mortgage being arranged. Should you prefer a casual, no-pressure discussion of your choices, please do not hesitate to reach out to the team today.