Market update | Rates | Update Videos available

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As promised last week, we have now posted the update videos sessions that we ran a couple of weeks back on our website. Below are the specific topics covered and links to where you can see them. They live on the respective pages on our website, so all you have to do is click the relevant link below, scroll down a touch, and you watch the video as and when suits you.

Thankfully we did this just before my barnet became unmanageable… In the last week I have had to trim my own hair, and opt for a slick back look to tame the bouffant beast that was living on top of my head… It isn’t the result of lock-down meltdown, simply a practical thing, but that is a whole topic for another time….

You can see the respective videos on the links below:

First Time Buyers – here
Home-movers – here
Remortgage – here
Buy To Let – here

We have also now set up a YouTube Channel where you can watch the above videos and new content we intend to post on at least a weekly basis. This will be another great way we can keep in contact with you and keep you updated on what is going on if reading this email becomes too tedious!

Rate Corner

Money markets continue to nudge down.

So on that basis, it is not looking likely we will see more than one base rate rise in the next 5 years as that is what is currently predicted. However, I feel that is an overly pessimistic view based on people’s opinions right now, so we may well see more than that. But whichever way you look at it, rates are stay very low, for a very long time.

In the last week:
3 Month Sterling Libor = down by 0.020% to 0.236%
2 Year SWAP = down by 0.038% to 0.271%
5 Year SWAP = down by 0.042% to 0.310%

Best Rates:

2 Year Variable from 1.05%
2 Year Fixed Rates from 1.14%
5 Year Fixed Rates from 1.36%
BTL Rates from 1.19%
The actual rate you will be offered will be dependent on your personal circumstance and deposit level. Please speak to one of our advisers so that they can guide you through this process
Source: Twenty7Tec May 2020

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