Consult mortgage broker, Deal Direct, for expert loan advice.
Consult with mortgage broker, Deal Direct, for expert loan advice when purchasing your home.
Figures released by the Ministry of Justice recently and the debt charity, StepChange, show an increase in the number of people struggling with their mortgage repayments. Consequently, more mortgage possession claims and orders being made today than at this time last year.
There are many different contributing factors that account for this increase including introductory loan offers coming to an end and finding yourself on your lender’s standard variable rate. This can mean, if you are not keeping an eye on what’s happening with your mortgage, your repayment increases and you suddenly find yourself with much higher outgoings.
Despite the stress tests that lenders now include in their affordability assessments when you apply for a mortgage, some homeowners are still running into difficulty.
To avoid finding yourself in this situation with your mortgage, it is vital that you receive the right advice from a regulated mortgage broker in the first place. It is also vital that you continue to be informed during your mortgage term.
Our expert advisers here at Deal Direct will help you in the first instance by carrying out a full review of your financial circumstances. Once done, we can then recommend the most appropriate mortgage solutions for you as well as keep you abreast of news and changes in the market that may affect you or be of interest to you.