Should I take a fixed rate mortgage deal now or wait due to the current financial crisis?
It is of course difficult to say how long the current financial crisis will last or what the repercussions will be so it is really down to personal choice. There are currently some competitive fixed rate deals available. However, rates may fall as a result of the current crisis but whether or not lenders pass this onto customers will depend on whether the flow of credit starts to increase. We cannot pre-empt how lenders will adjust their business strategies to bring them out of the current crisis. Fixed rates may come down or they could be removed altogether (although it is hoped that this would be unlikely). Disclaimer: The answers above are for guidance only and should not be acted upon without you receiving professional mortgage advice relevant to your circumstances. To find an independent mortgage adviser please go to http://www.impartial.co.uk. NB – All of the above comments are based on understanding of current United Kingd
