3.3% Mortgage Is It possible?

We get offers all the the time….

And I have to say that 3.3% would be a good rate, but this is what is called the “Headline” rate, just to “oik you in” as the actor Mark Benton says in those famous Nationwide television ads.

Now I have to tell you that you have to jump through hoops to get a rate like that, but I’ll be clear and tell you something…(I have never been one to talk BULL)

But today I can achieve a two year fixed rate mortgage of 3.89%…Now this is obviously subject to status and you will need a deposit of 25-30%. Will it be available tomorrow, I don’t know.

Now you might say, “that’s a hefty deposit” but for some people who have equity in their houses already it is not. And believe me I have met many people still on standard variable rates, or of fixed rate mortgages that could do better by switching to fixed rate.

But for some it seems like too much trouble to change your mortgage, but if your are going to save money in the long term, YOU REALLY should consider taking the plunge and ask for advice. Thats what we are here for.

Other deals today include 4.99% fixed mortgage with a 15% deposit. Again subject to status.

LOCAL MARKET CONDITIONS

I am going to doing a series of recorded interviews with local estate agents to get a feel for the market and I will be publishing those on this blog in the near future.

So if you live in Camberley, Farnborough, Yateley or Aldershot, come back to this blog soon.

Michael

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