Is It Time To Review Your Mortgage?
With rising living costs and a shift from the low Mortgage interest rates we have had the benefit of in recent years, many of us are concerned about how this could impact our Mortgages. Reviewing your mortgage now could settle your nerves, help to secure your payments, restructure your finances and put you back in the driving seat.
In the current climate, we are facing long-term, fixed rates that are constantly rising.
If you have a Mortgage deal ending in the next 6-36 months, you may be thinking about what deals will be available later down the line.
What if the mortgage deals are 1-2% higher than what they are now? Could you afford to pay your mortgage?
If interest rates continue to climb, will it be better to secure a new deal now?
Consolidating or restructuring unsecured debts could significantly reduce your outgoings.
If you have unsecured debts, such as car loans, improvement loans and credit cards, you may find it is becoming more difficult to obtain credit and 0% balance transfer options are becoming more difficult to find.
Would you benefit from exploring consolidating your debt and locking down your interest rates now?
Don’t struggle alone.
My Mortgage & Protection Experts are an independent mortgage and insurance broker, made up of a committed team of specialists that are focused on meeting their client’s requirements and helping them to find the right mortgage deals suited to their personal circumstances.
From life insurance, home insurance, conveyancing and survey requirements, My Mortgage & Protection Experts have the experience and knowledge to expertly advise you.
There are thousands of Mortgage Products and hundreds of lenders all of which will have their own individual criteria and affordability models. Using a Whole of Market broker will help you to unlock the best deal available to you, narrowing the chance of rejection without you doing the leg work.
Not only could they look at fixing your interest rate, but they could review your mortgage term to lower your contractual payment and review your home insurance or life insurance to help fit everything inside your budget.
Check out a recent testimonial from a satisfied My Mortgage & Protection Experts customer:
“We were coming to the end of our mortgage deal and a friend recommended we speak to Paul @ MMPE. So glad we took this advice.
In our initial conversation, Paul obtained a clear picture of our situation and requirements and discussed several options available to us prior to conducting his research. We were very keen to fix our mortgage for a longer term than previously with the rising cost of living and the financial uncertainty worldwide at the moment. We have several other financial commitments which we were unsure how they would impact our application.
Paul returned his research to us very quickly, with a follow-up appointment arranged soon after. We were really pleased with the deal that Paul found for us. He managed to consolidate our other commitments into the mortgage and by changing lenders and extending the term of our mortgage he was able to save just over £1000 a month from what we were currently paying out. This will allow us to not have to rely on credit facilities and be able to start saving and make overpayments on the mortgage, as well as having the security of knowing what our monthly mortgage payments will be for the next 10 years. This will make a big difference to us in the future.
The service we have received following our mortgage offer has also been excellent, answers to questions, and following up with the solicitor have all been really helpful.
We have also been dealing with Sam in relation to our mortgage protection, after an initial call, Sam reviewed our current provision and has provided what we feel is a much better product that better suits our needs and circumstances.
Thank you very much to all @ MMPE, would definitely be happy to use your services again and recommend you to others as we were recommended to you.“
If you’re considering reviewing your mortgage, My Mortgage & Protection Experts can help you to review your options.
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