There were further and more alarming forecasts in the Sunday Telegraph this weekend, with the chief economist at the Policy Exchange think tank warning that rates could rise to 8% within the next 2 years to combat soaring inflation. Mortgage lenders have continued to cut rates over the last week however, making it a good time for borrowers to consider locking in now and protecting themselves against rates rises over the next couple of years. Experts in the Financial Times reported that low Loan-to-Value (LTV) deals have been competitive for some time now, and lenders are now looking at reducing rates for the higher LTV products. Elsewhere the Mail on Sunday discussed ways of generating money from bricks and mortar, including holiday home ownership and buy-to-let, while the Sunday Times took a timely look at the benefits of parents buying a property for their student child to live in while at University. Experts agreed that mortgages in this area are harder to come by and larger deposits are required, but deals are improving.
What the papers say- 21st and 22nd August 2010