Fewer houses are being repossessed which is a good thing for the economy and for the individual homeowners. This is happening in part because the rates are lower. This means payments are cheaper so people can make them in full and on time. If rates go up those who have an adjustable rate have a hard tine paying. Repossessions tend to go up when that happens. Adjustable rate mortgages are not ideal for this reason.
Key Takeaways:
- Mortgage are complicated we suggest you have a professional on your team.
- There are multiple mortgage strategies knowing what is best is complicated.
- A healthy housing market is key to a stable and growing economy.
“London & Country is a fee-free mortgage broker offering advice across the market to borrowers throughout the UK from its offices in Bath, Newcastle and London.”
Read more: https://www.mortgagestrategy.co.uk/ms-wired-btl-britain-finding-new-normal-demand/