30
Jul
Homebuyers should 'take advantage of competitive mortgage rates'
Homebuyers looking for houses for sale in the UK have been advised
to take advantage of competitive mortgage rates.
MyMortgageDirect's Catherine Hearnden suggested that the opening of
the new financial services company Metro Bank could provide
mortgage customers with good loan rates in order to attract them
away from their current banks.
She said: "People see moving bank accounts as hassle, so if they
are going to actually do something that the others aren't and make
it cheaper then it is great news."
Ms Hearnden added that this would in turn make the other financial
services "pull their socks up", which could benefit potential
homebuyers if mortgage rates become more competitive across the
board.
The Metro Bank, which opened yesterday (July 29th), is the first
new high street bank in more than a century.
It plans to have more than 200 stores across the UK and will be
open seven days a week, allowing customers to use its bank services
after work and during the weekends. 