Is 2015 the year to buy?

January 16, 2015 by Brendan O'Neill

Lenders

As lenders continue to slash mortgage rates, it has never been a better time to step on the property ladder, move house or review your existing deal. The second half of 2014 saw the demand for mortgages fall and now, lenders are going all out to increase their share of the market.

The Mortgage https://www.beaconfinancialtraining.co.uk/wp-content/uploads/2020/06/cemap-online-and-classroom-training-uk.jpget Review (MMR) in March last year saw the implementation of new tougher legislation and lending criteria, meaning people found it difficult to obtain a mortgage. Also, the quietly simmering fear of an impending increase in the Bank of England base rate has deterred some who were contemplating moving.

It is now looking more likely that any rate increase will not happen until the later part of 2015 or even early 2016, meaning lenders are offering eye-catching low rates for borrowers to make up for time already lost.

The competition is great news for people looking to secure the lowest rate possible.

Sylvia Waycot, from Moneyfacts.co.uk, commented:

“Mortgage lenders area now fighting for our attention. Almost daily new deals are being launched as each lender tries to out-do its competitor – which at last is some great news for the borrower.”

Once you have completed your CeMAP training and have achieved the pass required in the end exam, you will be a qualified advisor from whom people seek advice. You will assess your customers’ needs, and having completed a full affordability, you will be able to recommend the most suitable mortgage package.