Delving into the mindset of prospective home buyers
‘Deal or no deal- who will give you a home loan?’ is the question that’s in front of prospective property buyers.
Taking stock of the situation, the latest news story in ‘The Guardian’ mentions
It’s a case of blink & you will miss them as building societies and banks are frantically pulling their best mortgage deals off the shelves and even shutting up shop completely in some cases.
This frenzied activity, as the news report points out, has left prospective home buyers and those who are keen to switch to another attractive deal with little option but to wait and watch in dismay. They have been made to scramble for their mortgages before they’re whipped away by the lenders.
Among those particularly hit by this tightening of purse strings are individuals with any hint of black mark on their financial records, the report adds. Things are moving so rapidly that it’s quite possible that yesterday’s best-buy will be history tomorrow. As a result, mortgage tables and trackers may soon ‘go out of date’, it continues, and then asks on a rather pensive note: “Is anyone still out there offering decent mortgage deals?”