For Your Protection and Peace of Mind
All our loans & procedures are approved and qualified by our fully experienced compliance team to ensure they meet our high standards and comply with all current regulatory requirements
 News |
|
Search Categories |
| Archive News |
Low interest rates 'may be helping some mortgage holders'
Some mortgage holders might be able to take advantage of the country's low rates of interest, it has been stated.
Consumers with homeowner loans may be interested to note that the chartered financial planner Martin Bamford, who is also the managing director at Informed Choice, suggests that low rates could have a positive impact on base rate tracker mortgages in particular.
He remarked: "People with base rate tracker mortgages will have seen their monthly repayments fall away to next to nothing in some cases.
"The important thing is to make the most of the situation."
However, while the current financial situation may be helping debtors, Mr Bamford went on to say that the nation's savers might not be in such a good position at the present time.
People's savings incomes have been negatively hit by weak interest rates, he said.
This year may only see economic expansion of 1.3 per cent, the National Institute of Economic and Social Research recently suggested.