Wednesday, May 23rd, 2018
There has been significant talk in the press over the last few months regarding what the Monetary Policy Committee (MPC) will do with interest rates and, in particular, the bank base rate. Not only will the decisions they make impact the mortgage market, the speculation around the potential for interest rate changes in the coming months is likely to have led some lenders to consider amending their product pricing ahead of any announcements.
Mortgage interest rates and products change daily, and it is even sometimes difficult for mortgage brokers within the industry to keep up with all the changes, so it most certainly cannot be an easy task for borrowers.
It is likely that some people coming to the end of a fixed rate deal or those on a tracker/variable rate are scratching their heads not knowing what the best solution is going forward. This is where a specialist mortgage broker such as Caboodle Finance can help, as we will be able to recommend a suitable product to meet the specific requirements of the individual customer based on their short, medium and longer-term objectives.
There are a number of options for existing borrowers when they want to change their mortgage deal, which include taking a product transfer with their existing lender onto one of their ‘existing customer’ deals or returning to the market to find the most competitive product to fit their requirements from another lender.
Clearly the comparisons can only be made with the information to hand and using the services of a mortgage broker can sometimes make the entire process much easier as they will undertake all the research work on behalf of the client. The mortgage broker can then assist with the new mortgage whether it is a new deal with a new lender or if it is transferring to a new product with the existing lender.
Customers who use a dedicated, professional mortgage broker such as ourselves will get speedy access to all the appropriate information and benefit from their accumulated knowledge and experience. The latter is particularly important given the wide range of criteria and requirements often applied by lenders on their many and various products.
Here at Caboodle Finance, of Sutton Coldfield, Birmingham we love to guide our clients through all of this. Call today on 0121 308 9114 or just click HERE to contact us by email to see how our mortgage broking experts could help you with your mortgage application.
Your property may be repossessed if you do not keep up repayments on your mortgage
This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity
Caboodle Financial Services Ltd
240B Lichfield Road
Sutton Coldfield B74 2UD
Telephone: 0121 308 9114