We are all seeing the headlines about mortgage products being withdrawn or changed. In these changing times, expertise has never been more important.
Although it is a turbulent time, you don’t need to be in it alone. Talking to us can really help. Our team of Mortgage & Protection Advisors are here to help you navigate this ever-changing landscape and are only a phone call or email away.
With what seems like daily rate changes, and lenders removing and relaunching rates, it could cost you hundreds if not thousands over the initial term of your mortgage. For example, for each 1 percentage point your mortgage rate increases, you can expect to pay roughly £50 more a month (£600/year) per £100,000 of mortgage debt. Let us provide you with a dedicated Mortgage & Protection Advisor, who will do all the hard work for you, from finding you the right deal, submitting your application and being on hand when you need them.
Here are some key points to think about.
ON A VARIABLE OR TRACKER RATE?
See if you can ditch, switch and save and secure a fixed rate today.
ON A FIXED RATE MORTGAGE?
Check when it ends, and we can help you switch up 6 months ahead. If your fixed rate ends before March 2023, check the deals available now, as rates are likely to rise further, and today's rates may soon disappear.
Keep calm…
Borrowers would be wise to keep calm over the current volatility in the mortgage market and seek the advice from one of our experienced Mortgage & Protection brokers. A lot of lenders have been keen to point out that their choice to withdraw products is a temporary measure, amid the current uncertainty over interest rates.
With access to over 90 lenders and thousands of mortgages products our team can help you to find the deal that is right for you.
If you're currently on a variable or tracker mortgage, or with a fixed rate mortgage coming to an end, get in touch, as we can talk you through the available options.
To book a free, no obligation consultation click here
Call us on: 03301 759 977
Email us on: financialservices@rettie.co.uk
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Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.