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|Nicola Georgiou, Freedom Finance comments on today's CML monthly lending trends|
|Wednesday, 13 April 2016|
Nicola Georgiou, Managing Director at Freedom Finance comments on the CML monthly lending trends: “Borrowers are continuing to take advantage of the low mortgage rates on offer in February. As interest rates remain at a record low and realistically do not look like they will be rising anytime soon. The increased activity experienced by the buy-to-let market at the start of the year continued into February as landlords looked to complete ahead of the new stamp duty rate introduced at the start of this month.
“Potential borrowers looking to benefit from the current low interest rates should be aware that the top rates on offer are often only available to those with perfect credit scores. Shopping around online for mortgages can negatively affect your credit score and limit the possibility of you securing the best loan for you in the future.”
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