MORTGAGE MARKET: WHAT DOES IT MEAN FOR YOU?
Thinking about moving home, buying your first property or remortgaging? Here’s what you need to know about the mortgage market right now.
The UK mortgage market remains changeable, with lenders regularly adjusting their fixed mortgage rates in response to wider economic conditions. Recent market movements have created some uncertainty, with several lenders increasing selected fixed-rate products.
For homebuyers, this doesn’t necessarily mean you should put your plans on hold. Mortgage rates vary significantly between lenders and according to your individual circumstances, including your deposit, income, credit history and loan-to-value (LTV).
For first-time buyers, understanding how much you can borrow before starting your property search can help you shop with confidence. For those moving home, securing a suitable mortgage can be just as important as finding the right property.
If your current fixed-rate mortgage is coming to an end, don’t leave it until the last minute. Reviewing your options several months before your deal expires can give you time to compare rates, consider a product transfer with your existing lender or explore remortgage options elsewhere.
And remember, the lowest headline rate isn’t always the cheapest mortgage. Product fees, early repayment charges, incentives and overpayment allowances can all affect the overall cost.
At Dentons Mortgages, we search across the mortgage market to help you understand your options and find a mortgage suited to your circumstances.
Whether you’re buying, moving or remortgaging, professional mortgage advice can make navigating a changing market a little easier.
For more information, please contact: Kay Kowalewska M: 07425 648 685 or Nicki Sparks M: 07469 097179
ABOUT DENTONS MORTGAGES
Based in Godalming, Surrey, Dentons Mortgages provides a personal and professional service in all aspects of mortgage advice, both commercial and residential, along with support and suggestions on how to structure and protect your mortgage.
Dentons Mortgages provides a bespoke service tailored to your needs.
– First time buyer
– Remortgaging
– Home mover
– Later life lending
– Buy to let
– Protection
