Can you afford to pay nearly £1000 more a year on your mortgage?
If the current market predictions are correct and the base rate increases sooner than expected, you could find yourself paying as much as £1000 p.a. extra for your mortgage.
Can you afford to do this?
If you are a first-time buyer located in London, you are likely to be impacted the most by the rate rises. Those of you who already have a mortgage and have chosen a fixed rate option, your repayments will be impacted at the end of the term.
So, if the rise in the base rate is unavoidable and other rises are predicted to follow, what can you, the borrower do?
The first thing to do is to broaden your search for a mortgage. This is where Deal Direct’s expertise and independent broker status is really valuable.
We have been researching and sourcing mortgages for our clients for over a decade and have strong relationships with lenders all over the UK. By contacting us now, we can:
- appraise your financial circumstances
- offer advice on achieving the best credit rating
- source and compare mortgages that save you as much as possible
- assist you through the application process
Now more than ever with rate rises looming, seeking qualified advice is vital if you want to secure the best all-round mortgage deal. Deal Direct has helped thousands of customers save on their repayments during the last 13 years and we can help you too.