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Friday 5 June 2020
Friday 5 June 2020
Friday 5 June 2020
Friday 5 June 2020
A recent study reveals that 31% of people who rent or have a mortgage find that payments take up more than a third of their household income. Even if your mortgage payments fall below this threshold, they can still represent a significant portion of your budget. This is why securing the best mortgage deal is essential for improving your financial situation and increasing your personal wealth.
How Introductory Mortgage Rates Work
Mortgage lenders often offer introductory rates to attract new customers. These rates, which typically last between 2 to 5 years in the UK, are often much lower than the lender’s standard variable rate. Once the introductory period ends, your mortgage automatically shifts to the lender's standard rate, which may be higher.
By remortgaging at the right time, you can:
Avoid being locked into a higher interest rate.
Save money by securing a new, more competitive deal.
Ensure your financial plan continues to meet your needs.
Our experienced team can guide you through the remortgaging process, offering tailored advice to help you take full advantage of these opportunities.
Release Equity for Financial Freedom
When you remortgage, you may also be able to release equity in your home. This means accessing funds tied up in your property to pay for significant expenses, such as:
Purchasing a car.
Funding home improvements.
Paying for other large purchases without relying on costly financing options.
Releasing equity through remortgaging can be a smart financial move, allowing you to manage your finances more effectively while avoiding additional loans or finance deals.
Get in Touch Today
Whether you're looking to save money, unlock equity, or find a mortgage deal better suited to your needs, we’re here to help. Contact us today to learn more about our services and how we can support your financial goals.
A recent study reveals that 31% of people who rent or have a mortgage find that payments take up more than a third of their household income. Even if your mortgage payments fall below this threshold, they can still represent a significant portion of your budget. This is why securing the best mortgage deal is essential for improving your financial situation and increasing your personal wealth.
How Introductory Mortgage Rates Work
Mortgage lenders often offer introductory rates to attract new customers. These rates, which typically last between 2 to 5 years in the UK, are often much lower than the lender’s standard variable rate. Once the introductory period ends, your mortgage automatically shifts to the lender's standard rate, which may be higher.
By remortgaging at the right time, you can:
Avoid being locked into a higher interest rate.
Save money by securing a new, more competitive deal.
Ensure your financial plan continues to meet your needs.
Our experienced team can guide you through the remortgaging process, offering tailored advice to help you take full advantage of these opportunities.
Release Equity for Financial Freedom
When you remortgage, you may also be able to release equity in your home. This means accessing funds tied up in your property to pay for significant expenses, such as:
Purchasing a car.
Funding home improvements.
Paying for other large purchases without relying on costly financing options.
Releasing equity through remortgaging can be a smart financial move, allowing you to manage your finances more effectively while avoiding additional loans or finance deals.
Get in Touch Today
Whether you're looking to save money, unlock equity, or find a mortgage deal better suited to your needs, we’re here to help. Contact us today to learn more about our services and how we can support your financial goals.
