Antony Weeks Associates...independent residential and commercial mortgage advice

mortgage advice with Antony Weeks Associates

Market Updates...

(23/09/2008)
September / October 2008

Base rate is current 5%. Hopefully we will see a reduction by 0.25% in the next couple of months as the Bank of England attempts to rejuvinate the economy. Certainly many commentators feel there is room for manoeuvre.

Residential rates are now nearly back at pre crunch levels - 2 year tracker and fixed rates coming in approx. 5.4%, and the lenders's fees have been considerably reduced from the ridiculously high levels seen earlier this year

The buy to let sector is still waiting for some decent affordable products! Rates have come down to sub 6% in many cases, but the arrangement fees and low gearing strategies are still preventing many clients from remortgaging. On an upside rental income is increasing and so this will be a positive thing when Base rates come down!

Hopefully once the dust has settled on the Lehman Brothers / Morgan Stanley / AIG shennigans, some form of confidence will return to markets generally! Spring next year?

More information:
Contact information: antony@antonyweeks.com

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Your home may be repossessed if you do not keep up repayments on your mortgage.
AWA is independent and there may be a fee for arranging your mortgage. The precise fee will depend on your circumstances. Typically this fee is £500. However, for commercial or investment mortgages this fee will be negotiated on an individual basis.

Tel: 0207 484 9209
Mob: 07753 814553
Fax: 0870 166 2889
antony@antonyweeks.com