Mortgage interest rates hit record low

Good news if you are in a position to take out a mortgage loan…and especially if you have a decent size deposit to add to the mix.

Interest rates on some new mortgages in the UK have gone down and are currently at an all time low. There are 16 lenders on the market just now who can offer mortgage interest rates at less than three per cent. If, for example, you are able to cough up a 35% deposit, HSBC’s internet lender First Direct has launched a new deal with an interest rate of just 2.69%.

Time to start buttering up that wealthy old aunt! 😉

Source: BBC.co.uk

Mortgage

 

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