Best mortgage deals 'to be found now'
Property investors looking to take out a mortgage could get a better deal by acting now, according to What Mortgage.
The mortgage experts have said that confidence among lenders is up, although this is not necessarily behind the increase in loans.
Figures released from Moneyfacts.co.uk revealed that the cost of a 2-year fixed-rate mortgage deal dropped by the largest weekly amount since the year began and now is at its lowest amount since August.
Ben Wilkie, editor at What Mortgage, said: "Anyone who is taking out a mortgage now is getting a good deal compared to what happened a couple of years ago and probably what will happen a couple of years in the future."
He added that despite the good 2-year fixed rate, longer term mortgages could get a better deal.
Moneyfacts.co.uk also found that a quarter of mortgage deals on the market are priced below 4%.
Figures from the Council of Mortgage Lenders suggest that confidence is beginning to return to lending institutions as gross mortgage lending in October totalled £13.5 billion, up 27% from October 2008.
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