Insights

Articles and news

Back to Insights

Is it time to review your mortgage rate?

Interest rates: “the turn of the year” article in February) reveal the Governor’s view that interest rates will rise in 2017. As a result of this and other factors, there has been greater movement in the residential property market in both the UK and Isle of Man in 2016. Edgewater’s Lending Manager, Ian Crawford, notes, “Over the past few months, we have seen property turning over more quickly due to more realistic property prices. With the Bank of England stating that interest rates are more likely to rise than not over the coming two years, now is the perfect time to review your mortgage interest rate and make sure you have the best deal.” Whether you are looking to purchase your first home, move to a different property, arrange a new deal or release equity to repay other commitments, our strong working relationship with the Island’s lenders and estate agents means Edgewater’s team of lending experts can help find the right mortgage for you. Speak to our experienced team today at enquiries@edgewater.co.im or on 01624 654012.