Abbey Mortgages: First-time buyers have to wait
www.moneynews.co.uk > Mortgages > Abbey Mortgages: First-time buyers have to wait
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Money News |
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Abbey Mortgages: First-time buyers have to wait
Thu 10th Jan 2008
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Nici Audhlam-Gardiner, head of Abbey Mortgages, said that those who want to get on the property ladder may be tempted "to hold out a little longer" to see if the rate is cut in the next couple of months.
She also suggested that people who are considering choosing a tracker mortgage use caution, as there could be rate rises in the next two years.
Instead, Ms Audhlam-Gardiner recommended fixed-rate deals as the "preferred option for more cautious borrowers".
"There are some excellent fixed-rate deals to be had in the market," she added.
The MPC's decision comes on the heels of much speculation about whether it would choose to cut rates again; however, some experts have suggested the committee is waiting to review inflation data in February.
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