The UK is in a period of deflation. If you were born after March 1960 then you won’t have experienced that in your lifetime. Amazing really. And in the bluntest terms, that’s pretty good news for us because the cost of our everyday essentials like food and fuel are falling.
But deflation can have a downside. And even though the people-in-the-know suspect this to be a blip as opposed to a spiraling period of falling prices, it can still put people off making large purchases in case there’s a better deal around the corner.
But if you want to buy a house or even remortgage, then my view is DON’T WAIT to explore the idea. It’s a fantastic mortgage market at the moment, with the lowest interest rates I have ever known. There has never been a better time to get a great deal and who knows what will happen in the future.
And if you really want to benefit from all of the opportunities that deflation offers in terms of mortgages then you can’t beat contacting an independent mortgage adviser because we’re having loads of fun at the moment saving people lots of their hard earned cash. The case study below will tell you just how it’s done!