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What will 2017 bring in respect of interest rates?

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Happy new year to you all.

What will happen to interest rate during 2017?

If somebody had asked in January 2016 what would happen to interest rates during 2016 most people would have said that if they moved they would more likely increase

What did happen to interest rate in 2016? well base rate moved for the first time in many years but not up but down by 0.25% to 0.25% following Brexit. This was followed by fixed rates for mortgages reducing across the board.

HOWEVER during the last quarter there have been increases to fixed rates. Most economists are predicting that the end of the lowest fixed rates and recommending that mortgage holders consider re mortgaging on to a fixed rate rather than remaining on a current standard variable rate.

We are here to help and being whole of market can search 1,000's of products. If you want to talk about your options and see if we can save you money please give us a call on 01204 696886 or send us an email with your details to sales@advancedmortgagesolutions.co.uk

All the best for 2017.

 

 

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