Post-Brexit mortgage rates

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POTENTIAL homebuyers should be encouraged to get on the property ladder following the EU referendum.

Property developer Barratt Homes said that now is one of the best times for securing a mortgage for many years.

Michelle Storer, Barratt Homes’ sales director, says that interest rates are likely to remain low in a post-referendum world.

She said: ‘This means for some people it is a great time to look at getting a mortgage. There are some fantastic new developments being built and more people than ever can look at potentially buying their own new home.’

The homebuilders have compiled a list of mortgage tips, recommending people to start by speaking to a mortgage adviser, and shop around for a great deal.

Barratt Homes also urged people to make changes to improve their score, and not to give up if they have a poor credit history.