Weekly Mortgage Market Update – 12 April 2010

Limetree Financial Services Limited

Weekly Mortgage Market Update – 12 April 2010

Bank of England maintained Bank base rate at 0.5% on Thursday so this rate has now been stable for the last 12 months.

Buy-to-Let market still dominated by The Mortgage Works, however Godiva (Coventry Building Society) have lowered some of their Buy-to-Let tracker deals.

Halifax have announced that they will be offering higher rates to customers who want to take their mortgages on an interest only basis.  They will in future have a separate selection of products at lower rates for clients looking to take their mortgage on a repayment basis.

Andrew Fowler worked for Limetree Financial Services until December 2010. Feel free to contact another member of our team for help or advice.

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