The Mortgage Finance Blog

Today the British Chamber of Commerce (BCC) has released the results of its quarterly survey of British businesses. Based upon 5,600 companies it shows a "welcome progress in both the manufacturing and service sectors".

One of the main highlights of the report was the "marked strengthening in confidence". Although the report cautions that the confidence is fragile and could easily be crushed if the government act too hastily with additional taxes and red tape.

Here at nm finance, we have seen the same increase in confidence amongst our clients; with people purchasing properties and first time buyers deciding the time is right to get onto the property ladder. With property prices starting to increase now is the ideal time to buy your first home or trade up to a larger property.

With swap rates on the up, and with the end of the recession in sight, now could be the prefect time to secure your financial position by fixing your mortgage rate. The only certainty in the current economic climate is that bank base rate will increase as we move out of recession.

Speak to your local mortgage broker today!