Mr Mortgage Broker

16/08/2022

19/06/2022

The Central Bank raises interest rates and then the lenders pass them on to us.

This means the monthly cost of your mortgage can rise quickly.

Particularly those of us on a Tracker or Standard Variable Rate (SVR) mortgage.

The Tracker mortgages track the Bank of England base rate. Those of us on a Standard Variable Rate can see changes at any time as this is controlled by the lender irrespective of the Bank of England base rate. But the increase in the Bank of England base rate will encourage the lenders to raise their rates.

If you're on a fixed rate mortgage, this could be a 2, 5 or 10 year fixed product (whatever was available to you at the time of taking out your mortgage); your monthly instalments won't change until you come to the end of your product term. This is when you'll fall onto the lender's standard variable rate and are at a high risk that your rate will increase.

If you have 6 months or less remaining on your product term, now is the time to act.

Contact me now as I'll be able to save a mortgage rate for you until your product is over, rather than waiting until the end of your product term and likely be subject to higher interest rates on the market.

☎️ 020 7031 5775
📧 [email protected]



****None of the companies featured in this video are being targeted by my comments. There are many other lenders/banks that provide mortgages****

13/06/2022

According to the latest data from Moneyfacts, lenders are now offering more fixed deals without a fee than a year ago and are charging less on deals that carry a product fee.

The data also show that the rate gap between fixed deals that carry a product fee and those that do not has narrowed, and that there are more deals offering cashback than a year ago.

The proportion of the market offering fixed rate mortgage deals that do not charge a fee has risen from 35% in June 2021 to 40% at the start of this month.

Source: www.financialreporter.co.uk


mortgage_broker

11/06/2022

Step by step, a property became a mortgage, and a mortgage became a home 🏚🏠🏡

21/04/2022

Rising housing equity an opportunity for second charges
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As house prices continue to edge upwards, homeowners may discover this opens the door to refinance options which were once closed to them – such as a second charge.
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The recent news from Nationwide Building Society that house prices have on average risen 14.3% since March 2021, has the potential to improve the financial standing of many. A £300,000 property for example could now be worth £342,900.

When tracked over a two-year period, Nationwide’s data shows that since early 2020 when the pandemic first struck, the average UK house has increased in value by 21%. In real terms, this means a property worth £300,000 at the start of 2020 could now be worth £363,000.

The increase in property prices has been felt the most in Wales, with Welsh property prices seeing an annual increase of 15.3%, according to Nationwide.

Full article: financialreporter.co.uk

☎️ 020 7031 5775
📧[email protected]

16/04/2022

Looking for a mortgage? It’s time to get a move on
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As inflation takes its toll, interest rates are rising and the best offers are drying up
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Homebuyers and those looking to remortgage were this week being urged to act fast if they want to lock in a competitive home loan deal.

Many banks and building societies have been pulling their mortgage deals or repricing them upwards, often at very short notice, as they grapple with rising interest rates and inflation, and the wider economic volatility.

Full article: theguardian.com

☎️ 020 7031 5775
📧[email protected]

15/04/2022

Thinking that poor credit means you're unable to get a mortgage is not uncommon. We have access to the whole of market and will find a lender that'll cater to your circumstances.

Don't let poor credit deter you from purchasing your home or investment property.

🗣GET IN CONTACT (details below), allow me to assist you 🦸‍♂️

☎️ 020 7031 5775
📧[email protected]

15/04/2022

Mortgage Fun Fact Friday
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Let's play some mortgage trivia...

Put your answers in the comments!

Suppose you owe £100,000 on a mortgage at an Annual Percentage Rate of five per cent. If you didn't make any payments on this mortgage how much would you owe in total after five years?

a) Less than £120,000
b) Between £120,000 and £125,000
c) More than £125,000
d) Don't know

Kingdom