Financial Options for Current Investors in the Property Market
Monday, June 8, 2009 16:33
The situation in the property market is improving these days. According to figures from Halifax, average prices for homes rose by 2.6% in May, the biggest rise ever since October 2002. The annual rate of decline in house prices on the Halifax figures eased to 13.6%, from 17.7% in April. May’s rise comes after a 1.8% drop in Prices in April. For the people who are looking to invest in the property market when the price of houses are still low, it is time to make a move now.
On the other hand, the Bank of England kept rates on hold at 0.5% last week. Many experts expected that the Bank’s next move will be up, and it could come before the end of 2009. There are more financial products available in the field. And many lenders have recently cut their fixed rates. In the past three months, the number of deals under 4%, which are available for the investors in the property market has doubled. The borrowers are urged to consider locking into low fixed-rate mortgage deals.
Check it out online for more information about the available deals before selecting the right financial options that best suits your own needs. Compare the policy and price quote of more mortgage rates, CD Rates, personal loans, the best credit cards and much more financial options with reliable online comparison service.
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