At our Landlord seminar on 2 March at the Oxford Spires
Hotel, we will consider the pros and cons of re-mortgaging. So why is it that this is now so timely?
Well, last week Mortgages for Business indicated that the
average price of two and three year fixed rate loans had hit all-time lows of
2.92% and 3.76% respectively.
Now, Mortgage Brain, the technology firm that supports
lenders has stated that the cost of an 80% loan to value (LTV) 2-year fixed
rate mortgage is now 18% lower than it was at the start of 2014 and 11% lower
than it was a year ago. Similarly, the
lowest rate 3-year fixed rate mortgage with an 80% LTV is 16% lower than it was
three years ago and 10% lower than last year.
However, it also reported that there is evidence that the
market is now levelling out and appears set to move away from the long period
of historic lows rates in terms of fees and low interest rates. It is therefore important that Landlords seek
to lock-in these historic low rates to take advantage of stable low rates over
the coming months.
At our seminar Ollie Sills of London & Country Mortgages
(L&C) will speak on the current mortgage market. L&C is the leading mortgage broker
nationally maintaining the most extensive panel of lenders, enabling them to
offer a whole of market view of the the pros and cons of re-mortgaging.
If you are yet to reserve a place, please email me at info@OxfordPropertyBlog.co.uk
to confirm your attendance.
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