Mortgage Market Update: What Buyers Need to Know
The mortgage market has been a little more volatile over the past few weeks, with rates moving as financial markets respond to events both here in the UK and internationally.
In our latest video, we take a look at what’s happening in the mortgage market and, importantly, what it could mean if you’re considering buying your next home.
Watch our latest update below.
What are we seeing?
Mortgage rates are currently a little higher than they were just a couple of weeks ago. However, the market is changing quickly, and lenders are continuing to adjust their products.
There are already signs of movement in the other direction, with NatWest announcing reductions to a number of its mortgage rates.
This is why it’s important not to base your plans on a single rate or a snapshot of the market. Mortgage products can change regularly, sometimes within days.
Our advice if you're thinking of moving
If you're planning to buy, it's worth speaking to a reputable mortgage adviser early on.
They can look at your individual circumstances, explain the options available and help you understand what you can comfortably afford. Some mortgage products can also be reserved for up to 90 days, which can provide greater certainty while you progress with your purchase.
At Moreland, we believe good advice and good communication make a real difference when you're moving home. Understanding your finances before you start looking can give you much greater clarity and help you move forward with confidence.
Thinking of moving?
Whether you're looking to buy, sell or simply understand what's happening in the local property market, our team is always happy to have an informal conversation.
Moreland Estate Agents
Golders Green | Hampstead Garden Suburb | Hendon & surrounding areas
Local knowledge. Straightforward advice. A personal service.
Mortgage information is provided for general guidance only and is not financial advice. We recommend speaking to an appropriately qualified mortgage adviser about your individual circumstances.
I’d use “Mortgage Market Update: What Buyers Need to Know” as the newsletter headline, with the video positioned immediately underneath the opening paragraph. It keeps the focus on the video while giving readers enough useful information to encourage them to watch it.
