Secured loans seekers 'told to wait and see'
Tuesday, November 18, 2008 at 3:31 pm
Those looking to take out a secured loan against their house or remortgage their property in the near future have been advised to wait in order to see what happens with regards interest rates over the next few weeks.

A Rate Watch article on the CityWire website suggested that because many lenders have yet to cut their interest rates in line with the Bank of England's base rate reduction from earlier this month, consumers may be better off leaving it for a while to see if any improved products come into the marketplace.

"Probably the best policy for anyone thinking of a remortgage or a house purchase loan is to wait and see what transpires," the piece read.

The UK's base interest rate is expected to continue to fall over the next year, with a rapid decrease in the country's inflation rate likely to be one of the driving forces behind the Bank's decision, the Daily Mail reports.

Greenhill Finance provide secured loans and remortgages whilst informing our customers of industry news relating to their personal financesADNFCR-2037-ID-18882135-ADNFCR
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