BELFAST, NORTHERN IRELAND. 3rd October, 2024 - The Mortgage Clinic, a leading mortgage advisory firm in Belfast, has released an exclusive interview with founder Helmut Elstner, offering valuable insights into the UK housing market and mortgage rates for 2024 and beyond.
Key highlights from the interview include:
Key highlights from the interview include:
- The Bank of England's recent rate cut to 5% signals a potential turning point in the mortgage market, with expectations of gradual reductions in mortgage rates.
- Average 5-year fixed rates are projected to drop to around 3.82% by year-end, down from 4.86% in late 2023.
- House prices are anticipated to rise modestly by 1.5% to 2% throughout 2024.
- The impact of a potential Labour government on interest rates is expected to be limited, with a slight boost to demand growth in the near term.
Helmut Elstner, founder of The Mortgage Clinic, commented, "We're seeing positive trends in mortgage rates as we move through 2024. This is welcome news for homebuyers and those looking to refinance. However, it's crucial for potential borrowers to stay informed and seek professional advice to navigate these changes effectively."
The interview also covers the pros and cons of fixed-rate versus tracker mortgages, strategies for maximizing mortgage opportunities, and projections for mortgage rates in 2025.
"At The Mortgage Clinic, we're committed to helping our clients make informed decisions about their financial future," Elstner added. "In this dynamic environment, understanding market trends and having expert guidance can make all the difference in securing the best possible mortgage deal."
For the full interview and detailed market insights, visit https://themortgageclinicuk.co.uk/house-prices-and-mortgage-rates-in-2024-an-exclusive-with-helmut/
The interview also covers the pros and cons of fixed-rate versus tracker mortgages, strategies for maximizing mortgage opportunities, and projections for mortgage rates in 2025.
"At The Mortgage Clinic, we're committed to helping our clients make informed decisions about their financial future," Elstner added. "In this dynamic environment, understanding market trends and having expert guidance can make all the difference in securing the best possible mortgage deal."
For the full interview and detailed market insights, visit https://themortgageclinicuk.co.uk/house-prices-and-mortgage-rates-in-2024-an-exclusive-with-helmut/
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