What Could Brexit Mean for Mortgage Rates?

Britain went to the polls on the 23rd June to vote in the EU referendum. As we all know, those who voted for Brexit won the vote, but only by 4%. The questions on everyonebs lips is what will this mean for the country as a whole, and, most importantly for homeowners, what might it mean for mortgage rates?

Speak to Your Advisor

Here at Central Mortgages, webre happy to provide you with advice. Many mortgage experts are of the opinion that it wonbt affect mortgage rates at all, while others say that there might be a slight rise, and some a drop to 0.25%. If you are concerned, then a chat with your local Chelmsford or Basildon mortgage advisor should put your mind at rest for the time being.

Will They, Wonbt They?

Many of us are looking at parliament with some concern, as it has been somewhat chaotic since the country voted to exit the EU. The fact is, a good mortgage advisor should be able to put your mind at rest with regard to immediate financial concerns. Any rate change will only affect people who hold certain types of mortgages; for example, if you’re on a fixed rate and the Bank of England raises rates, you won’t be affected as long as your fixed rate deal lasts.

At the moment, nobody can be certain what the eventual outcome of Brexit will be. But if you need reassurance and some great advice, the team at Central Mortgages will be able to help!