Friday, 15 December 2017

Market war sees rates go under one per cent

ESTATE agency Romans, which has a branch in Hart Street, Henley, has warned of a market

ESTATE agency Romans, which has a branch in Hart Street, Henley, has warned of a market war — saying that “sub-one per cent” deals are on the horizon, with lenders introducing increasingly low rates in recent weeks.

Clearly, low mortgage rates mean good news for some, but are they necessarily the best deals? Romans says that although these low rates give more borrowers the chance to get on the property ladder, they may be becoming too focused on the initial, headline-grabbing rate, rather than the deal that would be most suited to them.

A spokesman for Romans Mortgage Services said: “Buyers should be cautious of these extremely low rates, choosing to carefully consider the mortgage deal they go for — especially if low rates are accompanied with high fees.”

To find out more, call the agency on 0118 321 9536.





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