Thursday, October 10, 2013
Buckle up. Don’t assume crash position :(
Mark Harris, chief executive of mortgage broker SPF Private Clients, said the cheaper mortgage rates, which were been driven down by the Bank of England's Funding for Lending Scheme, and Help to Buy were creating an opportunity for would-be-borrowers that was "just too good to miss". Coupled with the lower rates, increasing consumer confidence and rising house prices also player their part, he said. "Borrowers feel more confident about job prospects and the wider economy, while fear getting priced out of the property market further still if they don't take the plunge now," he said.