July 8th, 2016
Following the UK’s decision to leave the EU, there has been a mixed reaction: some feel that it will be fantastic, some are not so excited.
Whilst the rest of the country is deliberating on where their feelings lie towards this, home buyers should rejoice! Regardless of how the impact is felt across the country, mortgage rates are at an all-time low and better than that, you can now get a fixed rate mortgage for 5 years.
What this allows you, as a potential home buyer, to do is lock your mortgage rate for 5 years. Therefore, regardless of what the fall out is from Brexit, you know that your mortgage will not be impacted for 5 years.
MoneySupermarket outine the pros and cons of a fixed rate mortgage here.
With a high level of uncertainty regarding the future, now is an ideal time to buy a house and make sure you and your mortgage are secure as rates could rise in the future.
So don’t delay and start your customer journey with us today! Head down to your nearest development and talk through the various options of home buying we have available. Alternatively, give the development a ring and book a viewing today!