The UK housing market is becoming quite an attractive place for those looking to purchase a home or remortgage a current residence. The price war among lenders is fierce and borrowers are finding great opportunities to save, and save big. Deals are on the table now which could save borrowers several hundred pounds per month compared to normal lending times. The current housing market is saturated with opportunities due to the heavy amount of competition which is leading to lower and lower interest rates.

The housing experts have spoken. The prevailing message for all those looking to purchase or remortgage a home is, act now. The next six months have been tagged as prime time to act and see a lender for a deal. Mortgage products with low interest rates attached are to be found in the offices of most lenders. Interest rates are on a slide and competition is heavy.

Fixed rate deals are available for any situation and are expected to possibly fall under 1% in the coming weeks.

Brian Murphy with the Mortgage Advice Bureau commented on the current state of deals available in the housing market, saying: “The next six months are shaping up to be the best-ever window to secure a low interest rate if you are looking to buy or remortgage.

“Today’s prices have never been bettered in modern times and given that a base rate rise is inevitable at some point, it is unlikely they will be surpassed in the years ahead.

“Lenders have begun the year with a strong appetite for growth, and newcomers are going head to head with established names to launch attractive new deals.”