Peter Rollings, CEO of estate agent Marsh & Parsons commenting on Barclay's mortgage re-payments research
Fri 13 Jan 2012
"At a time when inflation and lethargic wage growth is taking its toll on household budgets, rock-bottom mortgage rates have provided a real financial fillip for both homeowners and buyers with big enough deposits. With interest rates unlikely to climb in the next year, we shouldnt see lenders significantly driving up their mortgage rates any time soon - and borrowers should be able to enjoy incredibly low repayments for some time yet. As rents rise, for many it makes excellent financial sense to buy rather than face higher rental costs each month. For prospective buyers who have been sitting on the sidelines, there is a real window of opportunity to invest in bricks and mortar while rates are cheap."
For further information please contact:
The Wriglesworth Consultancy, Dan Pike / Neil Mackwood 0207 427 1430 / 0207 427 1434
Marsh & Parsons has been part of the London property scene since 1856. The sales and lettings agent has 15 offices situated in prime positions across central, west and south London. They have an intimate and extensive knowledge of the area.
Marsh & Parsons was acquired by LSL Property Services plc in November 2011, but continues to operate as a separate business, retaining its current management team.
Marsh & Parsons are a professional firm with a 'can-do' attitude covering all aspects of residential property. They aim to establish individual relationships with clients through a business built on energy, agility, professionalism and knowledge. Their business aim is to be the agent who not only understands the local area around their offices better than any other agent, but also to be at the heart of the community.