Yesterday (Thursday) the Bank of England dropped interest rates by a quarter of one percent to 4%. The move was widely anticipated which gave lenders plenty of time to plan their strategy for the new, lower, rate so expect to see a number of offers from lenders in the coming days and weeks.
It is more likely than not that lenders will offer tranches of money at new rates to attract customers. These tranches of money are likely to be snapped up quickly by customers who have already been through a pre-vetting system by a reputable broker and are therefore able to move quickly to secure favourable rates.
Having your mortgage or remortgage application ready is going to be key to securing the best deals as these new rates bed in.
Our business partners are whole of market brokers and offer a FREE financial review which enables you to be in prime position to benefit from exclusive deals from lenders, whether you are looking for a buy-to-let, commercial or residential mortgage/remortgage.
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