Mortgage Health Check

Following the Covid pandemic, the war in Ukraine, rising energy costs, issues with the world’s global supply chain along with numerous other factors inflation started to climb into double digits peaking at 11.1% in October 2022.

Lenders became came risk adverse and started to pull their best mortgage rates knowing that interest rates would continue to rise until inflation was under control.

During this period a lot of mortgage holders were coming off fixed mortgage rates that were taken when mortgage rates were at historical lows following the financial crisis of 2008.

These mortgage holders who were coming off their fixed rate mortgage deals were moved on to their Lenders standard variable rate which is usually a Lenders highest mortgage rate.

Are you looking to move up the property ladder in future some mortgages have high exit fees and speaking to a Mortgage Advisor can ensure you obtain a mortgage that you take port to e new property or has no exit fees.

Speak to a CEMAP qualified Mortgage Advisor to ensure you get the best mortgage deal to meet your needs,

All our partners are whole of market and registered with the Financial Conduct Authority and offer free mortgage advice with no obligation to proceed.