What the papers said about a New Year for mortgages

With a New Year comes a new raft of new mortgage deals, and a couple of high street lenders have kicked off 2016 by launching some ultra-low fixed rates to tempt those of us re-organising our finances.

Experts have already begun speculating whether this could be the last year for rock bottom interest rates, and research carried out by one lender suggests there are more borrowers looking to switch mortgage than this time last year as a result.

Experts in the financial press also gave their New Year forecast for the UK property market, with some analysts predicting a slowdown over the course of the year. In the short term however, a surge in the market is expected as landlords rush to buy investment properties before April, when Stamp Duty tax for second properties is due to rise. Brokers warned however that purchase chains could come under severe pressure from affected buyers desperate to complete before the deadline.
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