The press aren’t qualified mortgage advisers
Well that’s obvious isn’t it? Yet when their fixed rate mortgage is ending, so many people still try to navigate their way through a re-mortgage without professional advice and assistance. Read the press headlines, check some mortgage rates online and switch right? WRONG. Now, more than ever when your fixed rate mortgage is ending you’ll need sound advice from a professional. In today’s market you need someone who can devise you a strategy to keep the cost of your borrowing down. There are so many options from over 100 different lenders, many of them who you won’t have even heard of.
Existing lenders can only advise on their own products
Did you know that your existing lender is unable to offer you whole of mortgage mortgage advice. When your existing mortgage product term ends, you will automatically slip onto your lender’s standard variable rate. In some instances you may be contacted by your lender and asked if you’d like to move onto another mortgage product. Your current lender is only able to offer you limited advice solely on their own product range and can only move your mortgage to one of their mortgage products. A whole of market adviser can advise you on your existing lenders range plus those of lenders from across the market, they can also help you plan for the short and longer term. Your current lender may even recommend that you speak to a whole of market mortgage adviser.
Recommended
Rather than being informed by the media we advise that you speak to a qualified mortgage adviser who can talk you through the current situation. We offer a fee free service and are happy to advise anyone with an appointment either online or face to face. You’ll also find us on mortgage advisor listing websites like unbiased and vouchedfor – both recommended by Money Saving Expert.
Your home maybe at risk if you do not keep up repayments on your mortgage.