Feeling Positive About Mortgages in 2019

Despite lots of uncertainty in the market, mostly due to Brexit, all the team here at Bristol, Bath & Exeter Mortgages Online, are taking a positive approach to getting the best mortgage deals for our clients in 2019.

Whatever is happening in the world of finance and politics, we never forget that we are dealing with individuals’ needs and requirements. So, whether you need to remortgage at the end of a fixed term deal, change from an interest-only mortgage to a repayment, require a better Buy to Let deal or if you are a First time Buyer hoping to get onto the property ladder, we are here to help.

Below are some of the predictions from “industry experts” that we appreciate understand the mortgage market. However, to us the most important factor will always be YOU.

This information was compiled by Emma Lunn, from Mortgage Strategy, who has canvassed the opinion of a number of industry experts regarding what will happen to interest rates in 2019.

“Inevitably, the coming 12 months are trickier to predict than other years as we’re yet to find out what kind of deal, if any, the UK will leave the EU with. This has led to a wider spread of views than might be expected.

Investec Private Bank business development manager Peter Izard thinks we’ll see two 0.25 per cent interest rate rises in the coming year, with the base rate at 1.25 per cent by the end of 2019.

Coreco brand director Andrew Montlake says Brexit means any kind of prediction is fraught with danger. “On the face of it, the gentle pace of interest rate rises should continue, with one or two rises of 0.25 per cent easing rates up over the next 12 months.

However, other industry pundits disagree that we’ll see a rate rise or two. SPF Private Clients chief executive Mark Harris thinks interest rates will end 2019 at 1 per cent while John Charcol senior technical manager Ray Boulger doesn’t think we’ll see a raise at all – his guess is that bank rate will remain at 0.75 per cent for the whole of 2019.

Regardless of what is happening, we know that what’s important to you is for you to get the best mortgage deal that suits your individual needs, or your requirements as a couple or family.

Remember as an Independent Mortgage Broker, we are regulated to offer you the best advice.

For expert advice and more information or to book your FREE consultation please visit one of our websites, call or email.

Bristol Mortgages Online www.bristolmortgagesonline.com Tel 0117 325 1511

Bath Mortgages Online www.bathmortgagesonline.com Tel 01225 584 888

Exeter Mortgages Online www.exetermortgagesonline.com Tel 01392 690 888

Email info@swmortgages.com

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