We've received so many questions asking what's happening with mortgages and what people should do about their existing mortgage or new mortgage applications, that we've decided to provide regular mortgage rate updates.
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In this first mortgage rates update, Move iQ founder Phil Spencer talks to Tom Atley, a Senior Mortgage Adviser to discuss the here and now, what's ahead and some tips on reviewing your current mortgage that could save you money in the long run.
⏲ VIDEO TIMESTAMPS ⏳ 00:00 Introduction 00:45 Interest rates 01:17 Mortgage repayments are on the rise 01:38 Why mortgage rates and products keep changing 04:36 Lender considerations 05:50 Stress test assessments 06:39 FTB deposits 07:04 Challenges for FTB's buying new builds (especially flats) 07:37 Who's offering what rates? 08:23 Remortgaging tips
