404 Not Found

I feel like we need a daily update at the moment!

The latest from late yesterday was that swap rates are settling, and we can see this morning that more fixed rates are creeping back in today.

But… there is still talk of further base rate changes, and two specialist lenders have already stopped lending on existing cases that aren’t already offered. So there is still much uncertainty.

There are some variable rates around though, and they are much less likely to be pulled, so you have more certainty over completion – although not on the rate you will be completing on!!

Is it a good idea??

• You’ve got to take a calculated risk. What could the rate go up to and does it still work on that basis?
• Are you getting the property at a good price so the risk is worth taking?
• What are the alternatives? If you need to redeem a bridge or complete something you’ve committed to then this may be the best of not very many options!

As always, give me a call if you want to chat anything through…