[New] Mortgage Advice

Many people are concerned about the increases in the cost of living, and one of the biggest financial commitments you will have in your lifetime is a mortgage.

Suffolk Mum and Independent Mortgage Advisor Sharon Wright shares some professional mortgage advice.

When should you start to review your mortgage?

You can look to review your mortgage six to seven months before your current mortgage deal is due to end. This will give you an idea of what rates are available and the potential new mortgage repayments. It is important to find out what new mortgage rates your current lender will offer you too so that you can compare this to the other lenders. Each lender has their own criteria so it’s worth checking to see how early your lender can offer a new rate.

Your Home may be repossessed if you do not keep up repayments on your mortgage. Wolsey Mortgage Company Ltd is an appointed representative of The Right Mortgage Limited, which is authorised and regulated by the Financial Conduct Authority.

Whether you stay with your existing lender or look to remortgage to another provider, reviewing your options months before your fixed or tracker rate ends means that you could secure a new deal that protects you from further interest rises. Many lenders’ offers are valid for six months and if the rates come down then you could review this again before your deal ends.

Reader Offer

I usually charge a fee of £275 for a mortgage or remortgage, which covers all administration costs. However, the initial consultation is free and the fee is only payable after a mortgage offer has been produced.

For readers of Families Suffolk Magazine I will reducing this fee to JUST £99 saving you £176.00.

Please use discount code: FamiliesSuffolk

For more information or to book a FREE CONSULTATION with Sharon Email: sharon@wolseymortgage.co.uk Call: 07955 199219

For more information about Wolsey Mortgage Company visit: www.wolseymortgage.co.uk