30 Jul

Homebuyers should 'take advantage of competitive mortgage rates'

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. ADNFCR-1222-ID-800008771-ADNFCR

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