With the option of fixed-rate mortgages looking to be vanishing from lenders’ books, now is the time to lock yourself into a cheap, fixed-rate mortgage. Take advantage of the lower interest rates it can provide for longer before interest rates start to rise, as is predicted by mortgage lenders.
The scenario is gloomy as thousands of families are still at risk of losing their homes. A report published by Central Bank depicts that over 5,000 homes have been repossessed since 2013 and that there is limited progress in tackling the issue. This atmosphere has triggered sparks even from the Master of the High Court.