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FEE FREE MORTGAGE ADVISOR ֠DONCASTER Are you struggling getting the right mortgage for your needs? These days itҳ harder than ever getting a mortgage right, there are so many types of mortgage to choose from. Are you better with a fixed rate? The lenderҳ standard variable rate? The interest rates can be confusing, there are many factors that can affect what you choose, such as your credit score, if you are employed or self employed, afirst time buyer,remortgaging, orbuy to let. Amortgage broker will search the whole of market for the best deal and interest rate to get you the lowest monthly payments we can. Talk to Us Where do you start looking for a mortgage? The mortgage process can be very intimidating. Itҳ not your job to know the products that are on the market, but it is ours as a mortgage adviser, and we take the time researching mortgages available, making sure we find the right one for you. How do you know whatҳ the best mortgage deal for you and your family? Youneed a trustworthy mortgage adviser who can compare the various types of mortgage and discuss what is most appropriate for your needs and budget. There are so many things to think about! So many unfamiliar terms and costs to compare. You donҴ need to get stressed or confused about your financial future. Mortgages Remortgages in Doncaster are here to help. Our experienced fee freemortgage advisor will ensure the most competitive deal to suit your circumstances is found. Whether youҲe looking for a new mortgage or remortgage, residential or buy to let, we will take care of everything for you. Working across the marketplace and not just tied to one lender we can find the most suitable deal for your needs and budget.༯p> Why choose Mortgages Remortgages? Fee FreeMortgage Advice ֠all mortgage advisers and estate agents are paid by the lender for arrangingࠡ mortgage application. Many of them choose to charge an additional fees on top.Mortgages Remortgages will never charge additional broker fees. Honest Trustworthy Friendly Knowledgeable Advice Fast Initial Appointments Fee Free Regular updates throughout the process. Over 30 YearsҠexperience We can guide you through the whole experience, including helping you find a solicitor and liaising with the estate agent and solicitor. Find a Mortgage What Our Customers Say EXCELLENT Based on 177 reviews Kim Brett 2023-04-07 Fast, free service that exceeded my expectations. Made a stressful process effortless and worked on our behalf. Thank you! Emma Roberts 2023-04-05 Excellent Service and advice received from Stephen, would highly recommend. He has worked for us on 3 mortgage deals over last 4 years, very satisfied with service and advice, he contacted us before our current deal expired and before the rates went up and sorted another great deal, thank you. speaker746 2023-04-05 Steve is absolutely brilliant, weҶe been with him two years now and heҳ been extremely helpful every time something mortgage related comes up, couldnҴ recommend him more! Olivia Lane 2023-04-04 Beyond helpful and has gone above and beyond for me despite many difficulties I have faced and many back and forth conversations, nothing was ever too much trouble and tried all options until I got a product that was best for me. Stephen didnҴ settle for the first option he pushed and pushed for me to get the best deal possible. Thanks Stephen Becca A 2023-04-04 Stephen has been amazing throughout the mortgage process. From our initial conversation on the first day, Stephen came back to me with multiple options for the mortgages and offered advice on which would be the best for my current position. Not only did he find me the best deal, he also consistently kept me updated and managed to get a mortgage in principle the day afterwards. We then had an in person meeting to discuss the potential term time of the mortgages and he presented the options available to me, offering advice on how to move forward. Stephen is very knowledgeable, made me feel completely at ease and the process was so fast. I will certainly recommend him Moving forward. Thank you Stephen! Christopher Marsh 2023-03-30 Absolutely brilliant service once again, got my mortgage as a first time buyer with steve and now remortgaged, so easy and stress free. 10/10 would recommend. Andrew Robinson 2023-03-29 I can't thank Steve and the team enough for the guidance they have given me through the mortgage process. Steves' knowledge and professionalism have made the process of buying another house so easy. I will be using their services again in the future and I hope you'll use them too! Thanks Steve for your outstanding service! Andy Roberts 2023-03-21 Steve offered a different approach to finding a mortgage, one which was far more personable, professional and hassle free compared to our previous high-street lender. Quick to react when required, knowledgeable and courteous. EDIT > What a shame that when I later approached Steve for help with a second holiday home mortgage his attitude was generally negative and at times plain rude. We went elsewhere and had a product sourced and secured within days. Alex Russell 2023-03-20 Excellent, knowledgeable service. Highly recommended. paul cumberbirch 2023-03-17 Steve has organised mortgages for me on several occasions over the last few years. He has always done this in a timely fashion and gets me the best deals on the market that suit me at the time. Ans he's fee free!! I would highly recommend Mortgages Re mortgages to anyone looking for a mortgage.
When will UK interest rates rise again? Summary: The Bank of England (BOE), raised the base rate by 1% to 1.255% on 16 June. This was widely expected. The Monetary Policy Committee (MPC), after the annual inflation rate reached 9%, was forced to increase interest rates. This is the highest level in over 40 years. According to the BOE inflation will reach 10% by autumn. The market has already priced in rate further increases in 2022. Market forecasts that the Bank of England base rates will rise to well over 2.5% by 2023. It may even go as high as 3.3%. Do you need to fix your mortgage rate right now? When will UK interest rates rise again (or eventually fall)? You should fix your mortgage as soon as possible, based on the BOE base rate at 1.25% and market assumptions of additional interest rate rises in 2022. You can lock in a lower rate even if your fixed-rate mortgage is due to expire in 6 months. This will apply when your fixed deal ends and you avoid any early redemption fees from your current lender. The best fixed-rate mortgage deals are quickly lost if there is any sign that the BOE may raise interest rates again. You must act quickly to get the best mortgage deal. How the Bank of England base rates are set When will UK interest rates rise again (or eventually fall)? The MPC, a nine-member committee within the BOE that sets the BOE base rates, is responsible for determining the rate. The Bank generally announces its interest rate decision every six weeks. TheBank of England website has a complete schedule of decision dates. When a decision is made, minutes of MPC meetings will be published. These minutes can be used by investors to predict when interest rates will rise or fall in the future. They would be able to see which nine-person committees voted in favor of interest rates being increased, decreased, or maintained the same. The Bank of England has made significant improvements to its base rate forecasting over the last few years. Mark Carney, former Governor of the Bank of England, originally linked the UK unemployment rate with the BOE base rates. However, he was replaced by 18 economic indicators that the BOE uses today under Andrew Bailey. What time can mortgage rates be expected to rise or fall? When will UK interest rates rise again (or eventually fall)? In recent years, the Bank of England has made many changes in relation to raising interest rates. Mortgage rates will rise and fall with interest rates. Hereҳ a quick summary of how we got here: After the 2007/2008 financial crisis, the interest rates in the UK were reduced from more than 5% to 0.5% to support the economy. Although there was much speculation that interest rates would rise in 2015, it didnҴ happen. Inflation suddenly became negative. The BOE has an inflation target of 2% to ensure that an economy can grow at a healthy rate. The BOE did not raise interest rates because it tends to lower inflation. The Brexit vote was a major game-changer. In the previous discussion, interest rates increased. The discussion turned to the possibility that there would be an economic recession as soon as the UK voted to leave the European Union. In an attempt to stimulate economic growth, the Bank of England became so worried that it cut interest rates by 0.5% to 0.25% in august 2016. Despite all this, the UKҳ economy was surprisingly resilient to the EU referendum. Many, including Theresa May, believed that the BOE was too aggressive in cutting interest rates. In November 2017, the Bank of England increased interest rates for the first time in more than a decade. The Bank of England increased the base rate of its bank from 0.5% to 0.755% as the economic outlook improved in August 2018. This was the highest rate in nearly a decade. The COVID-19 pandemic prompted the BOE to reduce interest rates twice by March 2020. First, from 0.75% ֠0.25%, then from 0.0.25% ֠0.1%. The BOE increased interest rates by 0.5% to 0.2% in January 2022, from 0.1% to 0.2% in December 2021. The BOE increased interest rates to 0.75% in March 2022. BOE increased the base rate by 0.25 % in May 2022 and June 2022 respectively, bringing it up to 1.25%. This is the highest rate in 13-years. The BOE attempts to curb rising inflation, which has risen well beyond the BOEҳ target of 2%. The market prices at a BOE rate base rate of more than 3.3% by 2023. These indicators will help you determine whether interest rates rise or fall. When will UK interest rates rise again (or eventually fall)? When deciding whether to raise or cut rates, the BOE relies on several economic indicators. It is important to understand the key economic indicators when predicting when interest rates and mortgage rates will rise. Here is a list highlighting the most important indicators to be aware of. In the short-term, however, the most important influence on where interest rates will go is the coronavirusҳ impact on the UK economy. The official target is far higher than the actual inflation and it is still on the rise. Inflation in the UK now stands at 9%. This is the highest level for 40 years. The official target rate of 2% is well over inflation, which was as low as 0.7% in March 2021. Also, the cost to live is much higher than it was last year. Although the BOE previously stated that inflation would not rise for long, it now believes it will. It expects to see 10% inflation in the next few months. This is why the BOE raised interest rates five more times between December 2021, 2022, and June 2022. It is likely to continue doing so in 2022. Official support for low rates is gone ֠Minutes of the June 2022 MPC meeting showed that there was a split vote. Six members voted in favor of a 0.25% rate hike, while three voted for 0.5%. The bank base rate increased from 1% to 1.25 % because it was a majority vote. The UKҳ economy is struggling, having surpassed pre-Covid levels. The coronavirus pandemic has sent the UK into its first recession since 2009. The UKҳ economy contracted 9.9% in 2020, which was the largest annual drop in history. The UKҳ economy recovered by 7.5% in 2020 and is now back at pre-Covid levels. The strength of the economic recovery will determine the rate at which interest rates rise. The UKҳ economy contracted unexpectedly in April 2022. This raises concerns about a possible recession. A weaker economic growth decreases the chance of an additional interest rate hike to prevent the economy from overheating. The unemployment rate is on the rise again. In the three-month period ending April 2022, employment grew by 117,000. The unemployment rate increased from 3.7% to 3.8%. Interest rate increases are triggered by higher wages and significant employment numbers. However, the UKҳ employment market and wage growth show signs of slowing. The Bank of England reduced its 2022 GDP forecast from 5% to 3.755%. It believes that the UKҳ economy will shrink by 0.25 percent in 2023, despite the recovery in 2021. The International Monetary Fund and the OECD also reduced their 2022 UK GDP forecasts from 5% to 4.7%. These are the rules that can stop you from remortgaging Remortgaging your mortgage or fixing it has become more complicated in recent years as stricter affordability rules have made it difficult. Lenders had to make sure borrowers could afford the mortgage even if interest rates rose. Lenders didnҴ have to use the stricter affordability tests when remortgaging. Some lenders did this, making remortgaging easier. Some borrowers are left without a choice, as lenders have eliminated this option. It is important to determine the impact of an increase in interest rates and get advice from a mortgage expert. Itҳ worth taking a few minutes to save money and lock in low rates while theyҲe still available. Mortgage rules can prevent you from fixing your mortgage rate if interest rates rise. This could leave you with no option but to cancel your existing deal and have your mortgage repayments increase in line with the bankҳ base rate or the lenderҳ discretion. Step 1: Calculate the impact of your monthly mortgage payments. When will UK interest rates rise again (or eventually fall)? This calculator will quickly calculate the effect of an interest rate increase on your mortgage payments. To see how interest rates rises could affect your monthly mortgage payments, simply enter the details of your original mortgage (e.g., the amount borrowed and the term) Letҳ say you borrowed 㲰0,000 over 30 years at a rate 5%. However, the rate has dropped to 2.5% (the standard variable rate set by the lender). Enter the amount of the loan (㲰0,000 for repayment), the term (30 years) and the current interest rate (2.5%). Current base rate at the Bank of England is 1.25%. To calculate the impact on an increase of 3.75% to 5%, type 3.75% in the box titled ӡnticipated rate changesԠand click calculate. Calculating the interest rate rise results shows that my monthly mortgage payment would go up from 㷹0 per month to 㱬231 per month. This is an additional 㴴1 per month you would need to find! Using this method you can quickly determine how much your mortgage payments will change if interest rates rise. Step 2: How to determine your options for mortgages The new rules are not known by consumers, and could result in some people being left without a mortgage. Their mortgage payments will increase in line with the Bank of England base rates based on their lenderҳ wishes. Many consumers mistakenly believe that a price comparison website is the best way to find a remortgage. Keep these points in mind: Many mortgage deals can only be obtained through mortgage advisors. They donҴ show up on price comparison websites. Not everyone can afford the prices on price comparison websites. Price comparison websites donҴ take into account your credit rating and personal circumstances when deciding whether or not a lender will lend you money. You may not be eligible for some of the offers offered by comparison websites and they wonҴ know until you credit check. This will hinder your future mortgage applications. It is almost always more beneficial to work with an independent mortgage advisor than doing it alone. This is why 70% borrowers use a mortgage advisor to get the best deal possible from a lender that will lend to them. We recommend that you get in touch with a mortgage advisor. Contact Us When will UK interest rates rise again (or eventually fall)? MortgagesRM have a wealth of knowledge and experience when it comes to making decisions regarding your mortgage. If you are looking for advice on how you should move forward in these uncertain times, get in touch with us today and we will happily go through any questions you have. Face to face, over the phone or a home visit.
The Bank of England (BoE) has increased the base rate by 1.75 percent, as forecast, hitting the highest rate since the Global Financial Crisis of 2007-2008, a period of extreme stress in financial markets and economic systems. Our team at MortgagesRM are encouraging all homeowners to shop around for the best fixed-rate mortgage deal to protect against further rises in costs. Get the best remortgage deal today! Base Rates continue their astronomical rise Why You Should Look To Remortgage As Base Rates Rise Again The increase was widely anticipated, and is now the sixth consecutiverise from the record low rate of 0.1 percent in December 2021. The base rate was higher in December 2008, when it was 2 percent, but then fell to 1.5 percent at the beginning of January. The last time that the BoE raisedrates by 0.5 percent was in 1995 when it was increased from 6.13 percent during December 1994. It was then raised to 6.63 percent in February 1995. When will the economic recession hit? The BoE has forecast an economicrecession that could last for more than a year, with the CPI inflation rate expected to reach 13% by the end 2022. The warning is issued as the BoE has lowered its growth forecast, predicting the economy to slide into recession in the period between October and December 2022. The central bank stated that it anticipates the recession to continue until 2023. The bank expects that output will fall by 2.1 percent from peak-to-trough throughout this recession. This fall is similar to the recession in the 1990s but less severe than the 2008 crash. How will increased base rates impact people trying to get a mortgage? Why You Should Look To Remortgage As Base Rates Rise Again First-time buyers looking to make it onto the ladder are facing the cost of a mortgage which is 20% more than at the beginning of the year because of increasing interest rates and higher house prices. This is as long as theyҶe been able to save a sufficient amount of money to secure a deposit. Prior to the increase in base rates theaverage monthly mortgage payment was 㹷6 per month. This compares to 㸱3 monthly in the beginning of January, which is a 20% increase since the beginning of this year. The 0.5 percent hike could increase this to 㱬030, if the pricing is passed to lenders. You can avoid being hit by switching to a fixed-rate mortgage deal The bank recognised that therates of lending on new mortgages with fixed rates were rising and that the transition of mortgages with risk-free rates was similar to the situation witnessed in the 2008 financial crisis in the world. There are over 850,000 people living in the UK who are either on a variable or Tracker rate. This means that theirmortgage payments will be increasing in accordance with base rates. People who have variable rates will notice the change almost instantly. If you switch to a fixed-rate mortgage deal now, you can avoid the huge price hike that will come to those withvariable rate mortgage products. Contact Us Today Why You Should Look To Remortgage As Base Rates Rise Again At MortgagesRM, we are experts at sourcing the very best remortgage deals for our clients. We charge no fees to the people who come to us formortgage advice, we take a fixed fee from the bank. This means that our only motivation is to find you the very best deal out there ֠get in touch today and let us help you save money today.
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Most of us heard the Autumn Statement that was delivered yesterday (17th November 2022) But what does this mean for the Mortgage Market? How will it affect us? Take a read of the below to find out how it will affect the mortgage market and us as individuals in general. Income Tax The tax free personal allowance remains at 㱲,570 and the higher rate tax threshold is 㵰,270. These thresholds have been frozen until 2028. The 45% additional rate tax threshold will be lowered from 㱵0,000 to 㱲5,140 from 6 April 2023. National Insurance (NI) The NI earnings thresholds have been frozen until April 2028, but the 1.25% additional Social Care Levy that was scrapped in September has not been reinstated. Inheritance Tax The Inheritance Tax Nil Rate Band and additional Residence Nil Rate Band will be frozen at 㳲5,000 and 㱷5,000 respectively for a further two years until April 2028. Pension allowances There has been no significant change to pensions; the headline Annual Allowance remains at 㴰,000 and the Lifetime Allowance remains frozen at 㱬073,100 until April 2026. State Pension The Pensions Triple Lock has been protected and the State Pension will go up by 㸷0 from April 2023, an increase of 10.1% in line with inflation. The government is also reviewing the State Pension age and will publish their review in early 2023. Dividend Tax allowance This is being reduced from 㲬000 per year to 㱬000 per year from April 2023 and to 㵰0 per year from April 2024. Capital Gains Tax The annual Capital Gains Tax exemption will reduce from 㱲,300 to 㶬000 from April 2023 and then to 㳬000 from April 2024. Stamp Duty Land Tax Stamp Duty changes announced in the previous Budget will remain until March 2025. In England and Northern Ireland the Stamp Duty threshold is 㲵0,000 and the first time buyer threshold is 㴲5,000 on properties under 㶲5,000. Tax on electric vehicles From April 2025 electric vehicles will no longer be exempt from Vehicle Excise Duty and Company Car Taxrates will increase, although they will remain lower than tax rates on traditional combustion engine cars. How will the Autumn Statement Affect Businesses? Windfall Tax Windfall Tax on the profits of oil and gas firms will increase from 25% to 35% until March 2028. There will be a new temporary 45% levy on electricity generators from January 2023 until March 2028. The Chancellor expects this to raise an extra 㱴 billion. Business Rates Properties will be revalued for business rates from April 2023, but there will be significant government support for firms including a new relief scheme. The government says that two thirds of properties will not pay any more in business rates. autumn statement VAT threshold The VAT registration threshold will be maintained at 㸵,000 for a further two year period from April 2024 and the headline rate of VAT remains at 20%. Living Wage increase The National Living Wage will rise from 㹮50 per hour for over 23ҳ to 㱰.42 from April 2023, an increase of 9.7%. National Insurance (NI) The National Insurance employment allowance of up to 㵬000 is frozen until April 2028. Energy Price Guarantee While this has been extended for households for a further 12 months from April 2023 (albeit at a less generous level), there has been no further support announced for businesses. The current relief ends in March 2023. Contact Us Today HOW WILL THE AUTUMN STATEMENT AFFECT ME? At MortgagesRM, we are experts at sourcing the very bestremortgage deals for our clients. We charge no fees to the people who come to us formortgage advice, we take a fixed fee from the bank. This means that our only motivation is to find you the very best deal out there ֠get in touch today and let us help you save money today.
When will UK interest rates rise again? Summary: The Bank of England (BOE), raised the base rate by 1% to 1.255% on 16 June. This was widely expected. The Monetary Policy Committee (MPC), after the annual inflation rate reached 9%, was forced to increase interest rates. This is the highest level in over 40 years. According to the BOE inflation will reach 10% by autumn. The market has already priced in rate further increases in 2022. Market forecasts that the Bank of England base rates will rise to well over 2.5% by 2023. It may even go as high as 3.3%. Do you need to fix your mortgage rate right now? When will UK interest rates rise again (or eventually fall)? You should fix your mortgage as soon as possible, based on the BOE base rate at 1.25% and market assumptions of additional interest rate rises in 2022. You can lock in a lower rate even if your fixed-rate mortgage is due to expire in 6 months. This will apply when your fixed deal ends and you avoid any early redemption fees from your current lender. The best fixed-rate mortgage deals are quickly lost if there is any sign that the BOE may raise interest rates again. You must act quickly to get the best mortgage deal. How the Bank of England base rates are set When will UK interest rates rise again (or eventually fall)? The MPC, a nine-member committee within the BOE that sets the BOE base rates, is responsible for determining the rate. The Bank generally announces its interest rate decision every six weeks. TheBank of England website has a complete schedule of decision dates. When a decision is made, minutes of MPC meetings will be published. These minutes can be used by investors to predict when interest rates will rise or fall in the future. They would be able to see which nine-person committees voted in favor of interest rates being increased, decreased, or maintained the same. The Bank of England has made significant improvements to its base rate forecasting over the last few years. Mark Carney, former Governor of the Bank of England, originally linked the UK unemployment rate with the BOE base rates. However, he was replaced by 18 economic indicators that the BOE uses today under Andrew Bailey. What time can mortgage rates be expected to rise or fall? When will UK interest rates rise again (or eventually fall)? In recent years, the Bank of England has made many changes in relation to raising interest rates. Mortgage rates will rise and fall with interest rates. Hereҳ a quick summary of how we got here: After the 2007/2008 financial crisis, the interest rates in the UK were reduced from more than 5% to 0.5% to support the economy. Although there was much speculation that interest rates would rise in 2015, it didnҴ happen. Inflation suddenly became negative. The BOE has an inflation target of 2% to ensure that an economy can grow at a healthy rate. The BOE did not raise interest rates because it tends to lower inflation. The Brexit vote was a major game-changer. In the previous discussion, interest rates increased. The discussion turned to the possibility that there would be an economic recession as soon as the UK voted to leave the European Union. In an attempt to stimulate economic growth, the Bank of England became so worried that it cut interest rates by 0.5% to 0.25% in august 2016. Despite all this, the UKҳ economy was surprisingly resilient to the EU referendum. Many, including Theresa May, believed that the BOE was too aggressive in cutting interest rates. In November 2017, the Bank of England increased interest rates for the first time in more than a decade. The Bank of England increased the base rate of its bank from 0.5% to 0.755% as the economic outlook improved in August 2018. This was the highest rate in nearly a decade. The COVID-19 pandemic prompted the BOE to reduce interest rates twice by March 2020. First, from 0.75% ֠0.25%, then from 0.0.25% ֠0.1%. The BOE increased interest rates by 0.5% to 0.2% in January 2022, from 0.1% to 0.2% in December 2021. The BOE increased interest rates to 0.75% in March 2022. BOE increased the base rate by 0.25 % in May 2022 and June 2022 respectively, bringing it up to 1.25%. This is the highest rate in 13-years. The BOE attempts to curb rising inflation, which has risen well beyond the BOEҳ target of 2%. The market prices at a BOE rate base rate of more than 3.3% by 2023. These indicators will help you determine whether interest rates rise or fall. When will UK interest rates rise again (or eventually fall)? When deciding whether to raise or cut rates, the BOE relies on several economic indicators. It is important to understand the key economic indicators when predicting when interest rates and mortgage rates will rise. Here is a list highlighting the most important indicators to be aware of. In the short-term, however, the most important influence on where interest rates will go is the coronavirusҳ impact on the UK economy. The official target is far higher than the actual inflation and it is still on the rise. Inflation in the UK now stands at 9%. This is the highest level for 40 years. The official target rate of 2% is well over inflation, which was as low as 0.7% in March 2021. Also, the cost to live is much higher than it was last year. Although the BOE previously stated that inflation would not rise for long, it now believes it will. It expects to see 10% inflation in the next few months. This is why the BOE raised interest rates five more times between December 2021, 2022, and June 2022. It is likely to continue doing so in 2022. Official support for low rates is gone ֠Minutes of the June 2022 MPC meeting showed that there was a split vote. Six members voted in favor of a 0.25% rate hike, while three voted for 0.5%. The bank base rate increased from 1% to 1.25 % because it was a majority vote. The UKҳ economy is struggling, having surpassed pre-Covid levels. The coronavirus pandemic has sent the UK into its first recession since 2009. The UKҳ economy contracted 9.9% in 2020, which was the largest annual drop in history. The UKҳ economy recovered by 7.5% in 2020 and is now back at pre-Covid levels. The strength of the economic recovery will determine the rate at which interest rates rise. The UKҳ economy contracted unexpectedly in April 2022. This raises concerns about a possible recession. A weaker economic growth decreases the chance of an additional interest rate hike to prevent the economy from overheating. The unemployment rate is on the rise again. In the three-month period ending April 2022, employment grew by 117,000. The unemployment rate increased from 3.7% to 3.8%. Interest rate increases are triggered by higher wages and significant employment numbers. However, the UKҳ employment market and wage growth show signs of slowing. The Bank of England reduced its 2022 GDP forecast from 5% to 3.755%. It believes that the UKҳ economy will shrink by 0.25 percent in 2023, despite the recovery in 2021. The International Monetary Fund and the OECD also reduced their 2022 UK GDP forecasts from 5% to 4.7%. These are the rules that can stop you from remortgaging Remortgaging your mortgage or fixing it has become more complicated in recent years as stricter affordability rules have made it difficult. Lenders had to make sure borrowers could afford the mortgage even if interest rates rose. Lenders didnҴ have to use the stricter affordability tests when remortgaging. Some lenders did this, making remortgaging easier. Some borrowers are left without a choice, as lenders have eliminated this option. It is important to determine the impact of an increase in interest rates and get advice from a mortgage expert. Itҳ worth taking a few minutes to save money and lock in low rates while theyҲe still available. Mortgage rules can prevent you from fixing your mortgage rate if interest rates rise. This could leave you with no option but to cancel your existing deal and have your mortgage repayments increase in line with the bankҳ base rate or the lenderҳ discretion. Step 1: Calculate the impact of your monthly mortgage payments. When will UK interest rates rise again (or eventually fall)? This calculator will quickly calculate the effect of an interest rate increase on your mortgage payments. To see how interest rates rises could affect your monthly mortgage payments, simply enter the details of your original mortgage (e.g., the amount borrowed and the term) Letҳ say you borrowed 㲰0,000 over 30 years at a rate 5%. However, the rate has dropped to 2.5% (the standard variable rate set by the lender). Enter the amount of the loan (㲰0,000 for repayment), the term (30 years) and the current interest rate (2.5%). Current base rate at the Bank of England is 1.25%. To calculate the impact on an increase of 3.75% to 5%, type 3.75% in the box titled ӡnticipated rate changesԠand click calculate. Calculating the interest rate rise results shows that my monthly mortgage payment would go up from 㷹0 per month to 㱬231 per month. This is an additional 㴴1 per month you would need to find! Using this method you can quickly determine how much your mortgage payments will change if interest rates rise. Step 2: How to determine your options for mortgages The new rules are not known by consumers, and could result in some people being left without a mortgage. Their mortgage payments will increase in line with the Bank of England base rates based on their lenderҳ wishes. Many consumers mistakenly believe that a price comparison website is the best way to find a remortgage. Keep these points in mind: Many mortgage deals can only be obtained through mortgage advisors. They donҴ show up on price comparison websites. Not everyone can afford the prices on price comparison websites. Price comparison websites donҴ take into account your credit rating and personal circumstances when deciding whether or not a lender will lend you money. You may not be eligible for some of the offers offered by comparison websites and they wonҴ know until you credit check. This will hinder your future mortgage applications. It is almost always more beneficial to work with an independent mortgage advisor than doing it alone. This is why 70% borrowers use a mortgage advisor to get the best deal possible from a lender that will lend to them. We recommend that you get in touch with a mortgage advisor. Contact Us When will UK interest rates rise again (or eventually fall)? MortgagesRM have a wealth of knowledge and experience when it comes to making decisions regarding your mortgage. If you are looking for advice on how you should move forward in these uncertain times, get in touch with us today and we will happily go through any questions you have. Face to face, over the phone or a home visit.
When will UK interest rates rise again? Summary: The Bank of England (BOE), raised the base rate by 1% to 1.255% on 16 June. This was widely expected. The Monetary Policy Committee (MPC), after the annual inflation rate reached 9%, was forced to increase interest rates. This is the highest level in over 40 years. According to the BOE inflation will reach 10% by autumn. The market has already priced in rate further increases in 2022. Market forecasts that the Bank of England base rates will rise to well over 2.5% by 2023. It may even go as high as 3.3%. Do you need to fix your mortgage rate right now? When will UK interest rates rise again (or eventually fall)? You should fix your mortgage as soon as possible, based on the BOE base rate at 1.25% and market assumptions of additional interest rate rises in 2022. You can lock in a lower rate even if your fixed-rate mortgage is due to expire in 6 months. This will apply when your fixed deal ends and you avoid any early redemption fees from your current lender. The best fixed-rate mortgage deals are quickly lost if there is any sign that the BOE may raise interest rates again. You must act quickly to get the best mortgage deal. How the Bank of England base rates are set When will UK interest rates rise again (or eventually fall)? The MPC, a nine-member committee within the BOE that sets the BOE base rates, is responsible for determining the rate. The Bank generally announces its interest rate decision every six weeks. TheBank of England website has a complete schedule of decision dates. When a decision is made, minutes of MPC meetings will be published. These minutes can be used by investors to predict when interest rates will rise or fall in the future. They would be able to see which nine-person committees voted in favor of interest rates being increased, decreased, or maintained the same. The Bank of England has made significant improvements to its base rate forecasting over the last few years. Mark Carney, former Governor of the Bank of England, originally linked the UK unemployment rate with the BOE base rates. However, he was replaced by 18 economic indicators that the BOE uses today under Andrew Bailey. What time can mortgage rates be expected to rise or fall? When will UK interest rates rise again (or eventually fall)? In recent years, the Bank of England has made many changes in relation to raising interest rates. Mortgage rates will rise and fall with interest rates. Hereҳ a quick summary of how we got here: After the 2007/2008 financial crisis, the interest rates in the UK were reduced from more than 5% to 0.5% to support the economy. Although there was much speculation that interest rates would rise in 2015, it didnҴ happen. Inflation suddenly became negative. The BOE has an inflation target of 2% to ensure that an economy can grow at a healthy rate. The BOE did not raise interest rates because it tends to lower inflation. The Brexit vote was a major game-changer. In the previous discussion, interest rates increased. The discussion turned to the possibility that there would be an economic recession as soon as the UK voted to leave the European Union. In an attempt to stimulate economic growth, the Bank of England became so worried that it cut interest rates by 0.5% to 0.25% in august 2016. Despite all this, the UKҳ economy was surprisingly resilient to the EU referendum. Many, including Theresa May, believed that the BOE was too aggressive in cutting interest rates. In November 2017, the Bank of England increased interest rates for the first time in more than a decade. The Bank of England increased the base rate of its bank from 0.5% to 0.755% as the economic outlook improved in August 2018. This was the highest rate in nearly a decade. The COVID-19 pandemic prompted the BOE to reduce interest rates twice by March 2020. First, from 0.75% ֠0.25%, then from 0.0.25% ֠0.1%. The BOE increased interest rates by 0.5% to 0.2% in January 2022, from 0.1% to 0.2% in December 2021. The BOE increased interest rates to 0.75% in March 2022. BOE increased the base rate by 0.25 % in May 2022 and June 2022 respectively, bringing it up to 1.25%. This is the highest rate in 13-years. The BOE attempts to curb rising inflation, which has risen well beyond the BOEҳ target of 2%. The market prices at a BOE rate base rate of more than 3.3% by 2023. These indicators will help you determine whether interest rates rise or fall. When will UK interest rates rise again (or eventually fall)? When deciding whether to raise or cut rates, the BOE relies on several economic indicators. It is important to understand the key economic indicators when predicting when interest rates and mortgage rates will rise. Here is a list highlighting the most important indicators to be aware of. In the short-term, however, the most important influence on where interest rates will go is the coronavirusҳ impact on the UK economy. The official target is far higher than the actual inflation and it is still on the rise. Inflation in the UK now stands at 9%. This is the highest level for 40 years. The official target rate of 2% is well over inflation, which was as low as 0.7% in March 2021. Also, the cost to live is much higher than it was last year. Although the BOE previously stated that inflation would not rise for long, it now believes it will. It expects to see 10% inflation in the next few months. This is why the BOE raised interest rates five more times between December 2021, 2022, and June 2022. It is likely to continue doing so in 2022. Official support for low rates is gone ֠Minutes of the June 2022 MPC meeting showed that there was a split vote. Six members voted in favor of a 0.25% rate hike, while three voted for 0.5%. The bank base rate increased from 1% to 1.25 % because it was a majority vote. The UKҳ economy is struggling, having surpassed pre-Covid levels. The coronavirus pandemic has sent the UK into its first recession since 2009. The UKҳ economy contracted 9.9% in 2020, which was the largest annual drop in history. The UKҳ economy recovered by 7.5% in 2020 and is now back at pre-Covid levels. The strength of the economic recovery will determine the rate at which interest rates rise. The UKҳ economy contracted unexpectedly in April 2022. This raises concerns about a possible recession. A weaker economic growth decreases the chance of an additional interest rate hike to prevent the economy from overheating. The unemployment rate is on the rise again. In the three-month period ending April 2022, employment grew by 117,000. The unemployment rate increased from 3.7% to 3.8%. Interest rate increases are triggered by higher wages and significant employment numbers. However, the UKҳ employment market and wage growth show signs of slowing. The Bank of England reduced its 2022 GDP forecast from 5% to 3.755%. It believes that the UKҳ economy will shrink by 0.25 percent in 2023, despite the recovery in 2021. The International Monetary Fund and the OECD also reduced their 2022 UK GDP forecasts from 5% to 4.7%. These are the rules that can stop you from remortgaging Remortgaging your mortgage or fixing it has become more complicated in recent years as stricter affordability rules have made it difficult. Lenders had to make sure borrowers could afford the mortgage even if interest rates rose. Lenders didnҴ have to use the stricter affordability tests when remortgaging. Some lenders did this, making remortgaging easier. Some borrowers are left without a choice, as lenders have eliminated this option. It is important to determine the impact of an increase in interest rates and get advice from a mortgage expert. Itҳ worth taking a few minutes to save money and lock in low rates while theyҲe still available. Mortgage rules can prevent you from fixing your mortgage rate if interest rates rise. This could leave you with no option but to cancel your existing deal and have your mortgage repayments increase in line with the bankҳ base rate or the lenderҳ discretion. Step 1: Calculate the impact of your monthly mortgage payments. When will UK interest rates rise again (or eventually fall)? This calculator will quickly calculate the effect of an interest rate increase on your mortgage payments. To see how interest rates rises could affect your monthly mortgage payments, simply enter the details of your original mortgage (e.g., the amount borrowed and the term) Letҳ say you borrowed 㲰0,000 over 30 years at a rate 5%. However, the rate has dropped to 2.5% (the standard variable rate set by the lender). Enter the amount of the loan (㲰0,000 for repayment), the term (30 years) and the current interest rate (2.5%). Current base rate at the Bank of England is 1.25%. To calculate the impact on an increase of 3.75% to 5%, type 3.75% in the box titled ӡnticipated rate changesԠand click calculate. Calculating the interest rate rise results shows that my monthly mortgage payment would go up from 㷹0 per month to 㱬231 per month. This is an additional 㴴1 per month you would need to find! Using this method you can quickly determine how much your mortgage payments will change if interest rates rise. Step 2: How to determine your options for mortgages The new rules are not known by consumers, and could result in some people being left without a mortgage. Their mortgage payments will increase in line with the Bank of England base rates based on their lenderҳ wishes. Many consumers mistakenly believe that a price comparison website is the best way to find a remortgage. Keep these points in mind: Many mortgage deals can only be obtained through mortgage advisors. They donҴ show up on price comparison websites. Not everyone can afford the prices on price comparison websites. Price comparison websites donҴ take into account your credit rating and personal circumstances when deciding whether or not a lender will lend you money. You may not be eligible for some of the offers offered by comparison websites and they wonҴ know until you credit check. This will hinder your future mortgage applications. It is almost always more beneficial to work with an independent mortgage advisor than doing it alone. This is why 70% borrowers use a mortgage advisor to get the best deal possible from a lender that will lend to them. We recommend that you get in touch with a mortgage advisor. Contact Us When will UK interest rates rise again (or eventually fall)? MortgagesRM have a wealth of knowledge and experience when it comes to making decisions regarding your mortgage. If you are looking for advice on how you should move forward in these uncertain times, get in touch with us today and we will happily go through any questions you have. Face to face, over the phone or a home visit.
Remortgaging in 2023 - is now the right time to fix & for how long? - Money To The Masses Remortgaging is an important decision, especially in a time of economic uncertainty. Currently, many homeowners are wondering if now is the right time to fix their mortgage and for how long. With the possibility of interest rates still rising, fixing a mortgage may seem like a good option, providing homeowners with stability and predictability in their monthly payments. However, fixing a mortgage also means missing out on potential savings if interest rates were to fall. To make a decision, you should assess your individual financial situation, including income, expenses, and long-term goals. It may also be helpful to work with amortgage advisor who can provide expert guidance on the best options for a fixed rate mortgage and for how long, taking into account the current mortgage market, conditions and future outlook for mortgage rates. Should You Renew Your Mortgage Early? You may think about renewing your mortgage early during the rate rises in order to lock in a lower interest rate before rates rise further. However, the decision to renew early should not be made lightly. While renewing early may provide short-term savings, it could also result in penalties and fees that negate those savings. You should also consider the long-term implications of renewing early, including potentially missing out on even lower rates in the near future. It is important for you to carefully evaluate your individual financial situation before making a decision on renewal date. Working with a mortgage advisor can be helpful in determining whether early renewal is the right choice for you, and if so, what terms and conditions are best suited to your needs. You need to speak with your existing lender to see what they can offer you with your current mortgage debt. The lower your LTV the better mortgage deal will be offered to you. There may be an early repayment charge penalty too so you need to check what that is, as all early repayment penalties differ in amount. Get a free mortgage review now What are the pros and cons of a tracker mortgage? Tracker mortgages are a popular type of mortgage that are tied to the Bank of England base rate. One of the main advantages of a tracker mortgage is that the interest rate will move in line with the BOE rate, providing transparency and predictability in monthly payments. Additionally, if the external rate falls, homeowners with a tracker mortgage can benefit from lower payments. However, tracker mortgages also come with some risks. If the external rate rises, homeowners could see a significant increase in their monthly payments, which may be difficult to manage. Furthermore, tracker mortgages may not always offer the most competitive interest rates, particularly if the external rate remains low for an extended period of time. Are interest rates likely to rise? What will happen to interest rates in 2023? We cannot predict what the Bank of England will do, however, some analysts were expecting rates to reach 6% by the summer. Expectations have since fallen to 4.5%, and markets are pricing in an increase of between 0.25% and 0.50% when the Bank next meets. But the bankҳ next move remains unclear. Potential Costs and Benefits of Early Mortgage Renewal Early mortgage renewal is an option that some homeowners consider in order to lock in a lower interest rate in the form of a fixed rate mortgage before their current mortgage term expires. While this can potentially result in short-term savings, it is important to consider the potential costs and benefits before making a decision. One benefit of early renewal is the ability to secure a lower interest mortgage rate now, which can result in significant savings over the life of the mortgage. Additionally, early renewal can provide peace of mind and financial stability, as homeowners will know exactly what their monthly mortgage repayments will be for the duration of the new term. However, there are also potential costs to early renewal, such as prepayment penalties and fees. Homeowners should also consider whether early renewal is the best option for their long-term financial goals and whether there are other options, such as negotiating a lower interest rate with their current lender or refinancing with a different lender. How long should I fix my mortgage for - 2, 3, 5, 10 years - or longer? The length of time for which you should have fixed rate deals for your mortgage depends on a variety of factors, including your individual financial situation and long-term goals. Generally, the longer the fixed term, the higher the interest rate, but the more stability and predictability it provides. Shorter fixed terms, such as 2 or 3 years, may offer lower interest rates, but you may face the possibility of a rate hike when the term ends. Longer fixed terms, such as 5, 10, or even longer, may provide more stability and predictability, but you may miss out on potential savings if interest rates fall during that time. It is important for you to consider your individual financial circumstances and long-term goals when deciding on the length of your fixed term. Additionally, working with a mortgage broker can provide valuable insight and guidance on the best options for fixed mortgage term length based on market conditions and future outlook. Can You overpay your mortgage? Yes, it is often possible to overpay your mortgage. Overpaying involves paying more than the required monthly payment, and can result in several benefits for homeowners. Overpaying your mortgage can help reduce the total amount of interest paid over the life of the mortgage, resulting in potential savings. Additionally, overpaying can shorten the length of the mortgage term, enabling homeowners to pay off their mortgage sooner and own their home outright. However, it is important for homeowners to check with their lender to ensure that there are no penalties or fees for overpaying, and to understand how overpayments will be applied to the mortgage balance. Some mortgage lenders may may apply overpayments directly to the principal balance, while others may apply them to the next monthly payment. Homeowners should also consider their individual financial circumstances and goals when deciding whether to overpay their mortgage, and should consult with a mortgage advisor for guidance on the best course of action. How Long Do You Have to Renew Your Mortgage? The length of time you have to renew your mortgage depends on the terms of your current mortgage agreement. In most cases, mortgage terms in the UK range from one to five years. When the term of your mortgage expires, you will need to renew your mortgage if you wish to continue borrowing from your lender. Depending on your lender, they may offer you a renewal package or you may need to negotiate new terms for your mortgage. It is important to start the renewal process several months before the end of your term to ensure that you have enough time to review your options and make an informed decision. Waiting until the last minute could result in being locked into a mortgage deals unfavourable terms or not having enough time to secure a new mortgage if needed. Homeowners should work with their lender or a mortgage advisor to determine the best course of action when it comes to renewing their mortgage. Is it a good idea to remortgage for home improvements? Remortgaging for home improvements can be a good idea in some circumstances, but it is important to carefully consider the costs and benefits before making a decision. Remortgaging can provide homeowners with access to additional funds, which can be used to finance home renovations or improvements. This can be an attractive option for homeowners who are looking to increase the value of their property or make necessary repairs. Additionally, remortgaging can provide homeowners with a lower interest rate or better mortgage terms, resulting in potential savings over the life of the mortgage. However, remortgaging can also come with additional costs, such as fees and penalties, and may result in a more fixed rate, longer mortgage term or higher monthly payments. Homeowners should also consider their individual financial circumstances and long-term goals before deciding to remortgage for home improvements. It may be helpful to work with amortgage advisor to determine whether remortgaging is the best option and to explore alternative options for financing home improvements. When it is a good idea to remortgage to pay off debt? Remortgaging to pay off debt can be a good idea in some circumstances, but it is important to carefully consider the costs and benefits before making a decision. Remortgaging can provide homeowners with access to additional funds, which can be used to pay off high-interest debt such as credit cards or personal loans. This can be an attractive option for homeowners who are struggling with debt and looking to simplify their finances and save money. Additionally, remortgaging can provide homeowners with a lower interest rate or better mortgage terms, resulting in potential savings over the life of the mortgage. However, remortgaging to pay off debt can also come with additional costs, such as fees and penalties, and may result in a longer mortgage term or higher monthly payments. Homeowners should also consider their individual financial circumstances and long-term goals before deciding to remortgage to pay off debt. It may be helpful to work with a mortgage advisor to determine whether remortgaging is the best option and to explore alternative options for managing debt. If I remortgage to release equity will my interest rate change? If youremortgage to release equity, it is possible that your interest rate may change, depending on the terms of your mortgage broker your new mortgage agreement. When you release equity through remortgaging, you are essentially borrowing additional funds against the value of your property. This may result in a higher mortgage balance, which could lead to a higher interest rate or a longer mortgage term. However, it is also possible that you may be able to secure a lower interest rate or better mortgage terms through remortgaging, depending on market conditions and your individual financial circumstances. It is important to carefully consider the costs and benefits of remortgaging to release equity, and to work with a mortgage advisor to determine the best course of action. Your advisor can help you compare different mortgage options and understand how your interest rate may be affected by releasing equity. How soon can your remortgage after buying a house? In the UK and other lenders elsewhere, there is no set time limit for when you can remortgage after buying a house. However, most lenders require a minimum ownership period before they will consider a remortgage application. This period can vary depending on the lender and the terms of your mortgage agreement, but it is typically at least six months to a year. During this time, lenders will assess your ability to make timely mortgage payments and may also consider other factors such as your credit score and financial history. It is important to keep in mind that remortgaging too soon after buying a house may not be in your best interest, as it may result in additional fees or penalties. It is important to work with a mortgage advisor to determine the best time to remortgage based on your individual financial circumstances and long-term goals. Your advisor can help you compare different mortgage options and understand any potential costs or risks associated with remortgaging. Can you remortgage early? Yes, in most cases, it is possible to remortgage early. Remortgaging early involves refinancing your mortgage before the end of your current mortgage term. This may be a good option if you are looking to secure a better interest rate or mortgage terms, or if you are looking to release equity from your property. However, it is important to carefully consider the costs and benefits before deciding to remortgage early. Depending on the terms of your current mortgage agreement, you may be subject to penalties or fees for early repayment. Additionally, remortgaging early may result in a longer mortgage term or higher monthly payments, so it is important to ensure that you can comfortably afford any changes in your monthly mortgage payments. It is also important to work with a mortgage advisor to determine whether remortgaging early is the best option for your individual financial circumstances and long-term goals. Your advisor can help you compare different mortgage options and understand any potential costs or risks associated with remortgaging. Find out more
Most of us heard the Autumn Statement that was delivered yesterday (17th November 2022) But what does this mean for the Mortgage Market? How will it affect us? Take a read of the below to find out how it will affect the mortgage market and us as individuals in general. Income Tax The tax free personal allowance remains at 㱲,570 and the higher rate tax threshold is 㵰,270. These thresholds have been frozen until 2028. The 45% additional rate tax threshold will be lowered from 㱵0,000 to 㱲5,140 from 6 April 2023. National Insurance (NI) The NI earnings thresholds have been frozen until April 2028, but the 1.25% additional Social Care Levy that was scrapped in September has not been reinstated. Inheritance Tax The Inheritance Tax Nil Rate Band and additional Residence Nil Rate Band will be frozen at 㳲5,000 and 㱷5,000 respectively for a further two years until April 2028. Pension allowances There has been no significant change to pensions; the headline Annual Allowance remains at 㴰,000 and the Lifetime Allowance remains frozen at 㱬073,100 until April 2026. State Pension The Pensions Triple Lock has been protected and the State Pension will go up by 㸷0 from April 2023, an increase of 10.1% in line with inflation. The government is also reviewing the State Pension age and will publish their review in early 2023. Dividend Tax allowance This is being reduced from 㲬000 per year to 㱬000 per year from April 2023 and to 㵰0 per year from April 2024. Capital Gains Tax The annual Capital Gains Tax exemption will reduce from 㱲,300 to 㶬000 from April 2023 and then to 㳬000 from April 2024. Stamp Duty Land Tax Stamp Duty changes announced in the previous Budget will remain until March 2025. In England and Northern Ireland the Stamp Duty threshold is 㲵0,000 and the first time buyer threshold is 㴲5,000 on properties under 㶲5,000. Tax on electric vehicles From April 2025 electric vehicles will no longer be exempt from Vehicle Excise Duty and Company Car Taxrates will increase, although they will remain lower than tax rates on traditional combustion engine cars. How will the Autumn Statement Affect Businesses? Windfall Tax Windfall Tax on the profits of oil and gas firms will increase from 25% to 35% until March 2028. There will be a new temporary 45% levy on electricity generators from January 2023 until March 2028. The Chancellor expects this to raise an extra 㱴 billion. Business Rates Properties will be revalued for business rates from April 2023, but there will be significant government support for firms including a new relief scheme. The government says that two thirds of properties will not pay any more in business rates. autumn statement VAT threshold The VAT registration threshold will be maintained at 㸵,000 for a further two year period from April 2024 and the headline rate of VAT remains at 20%. Living Wage increase The National Living Wage will rise from 㹮50 per hour for over 23ҳ to 㱰.42 from April 2023, an increase of 9.7%. National Insurance (NI) The National Insurance employment allowance of up to 㵬000 is frozen until April 2028. Energy Price Guarantee While this has been extended for households for a further 12 months from April 2023 (albeit at a less generous level), there has been no further support announced for businesses. The current relief ends in March 2023. Contact Us Today HOW WILL THE AUTUMN STATEMENT AFFECT ME? At MortgagesRM, we are experts at sourcing the very bestremortgage deals for our clients. We charge no fees to the people who come to us formortgage advice, we take a fixed fee from the bank. This means that our only motivation is to find you the very best deal out there ֠get in touch today and let us help you save money today.
Fee Free Mortgage Broker Scunthorpe Mortgages Remortgages are an experienced mortgage broker in Scunthorpe. We offer various services including mortgages and remortgages of residential property, and buy to let, to associated general insurance (buildings & contents, life, critical illness and income protection). We have a team of professional mortgage brokers who have helped many people find a mortgage that suits them. We give honest impartialmortgage advice across the marketplace, not tied to any lender. As amortgage broker we have access to mortgages from all major lenders as well as some smaller specialist lenders and pride ourselves on finding the right mortgage for everyone. DonҴ let your mortgage search bog you down; MortgagesRemortgages are here to help. We offer a variety of mortgages andremortgages, with no broker fees at any point of the process. Approved applicants will receive our fee-free service with a team dedicated to guiding you through the entire process and answering any questions you may have. Advice on Mortgages Reasons for needing a new mortgage There are many different reasons for needingmortgage advice, first time buyers, equity release for home improvements or a remortgage to a new deal. We can supply you withexpert mortgage advice and service to find the best mortgage deal we can. Why choose Mortgages Remortgages࿼/h3> Fee FreeMortgage Advice ֠all mortgage advisers and estate agents are paid by the lender for arranging a mortgage application. Many of them choose to charge additionalmortgage broker fees on top. Mortgages Remortgages will never charge additional broker fees as we offer fee free advice on all of our mortgages. Call Us Why are we a good choice for Mortgage Advice? Honest Trustworthy Friendly Knowledgeable Advice Fast Initial Appointments Regular updates throughout the process Over 30 YearsҠexperience We can guide you through the whole experience, including helping you find a solicitor and liaising with the estate agent and solicitor. REVIEWS ֠What Our Customers Say EXCELLENT Based on 177 reviews Kim Brett 2023-04-07 Fast, free service that exceeded my expectations. Made a stressful process effortless and worked on our behalf. Thank you! Emma Roberts 2023-04-05 Excellent Service and advice received from Stephen, would highly recommend. He has worked for us on 3 mortgage deals over last 4 years, very satisfied with service and advice, he contacted us before our current deal expired and before the rates went up and sorted another great deal, thank you. speaker746 2023-04-05 Steve is absolutely brilliant, weҶe been with him two years now and heҳ been extremely helpful every time something mortgage related comes up, couldnҴ recommend him more! Olivia Lane 2023-04-04 Beyond helpful and has gone above and beyond for me despite many difficulties I have faced and many back and forth conversations, nothing was ever too much trouble and tried all options until I got a product that was best for me. Stephen didnҴ settle for the first option he pushed and pushed for me to get the best deal possible. Thanks Stephen Becca A 2023-04-04 Stephen has been amazing throughout the mortgage process. From our initial conversation on the first day, Stephen came back to me with multiple options for the mortgages and offered advice on which would be the best for my current position. Not only did he find me the best deal, he also consistently kept me updated and managed to get a mortgage in principle the day afterwards. We then had an in person meeting to discuss the potential term time of the mortgages and he presented the options available to me, offering advice on how to move forward. Stephen is very knowledgeable, made me feel completely at ease and the process was so fast. I will certainly recommend him Moving forward. Thank you Stephen! Christopher Marsh 2023-03-30 Absolutely brilliant service once again, got my mortgage as a first time buyer with steve and now remortgaged, so easy and stress free. 10/10 would recommend. Andrew Robinson 2023-03-29 I can't thank Steve and the team enough for the guidance they have given me through the mortgage process. Steves' knowledge and professionalism have made the process of buying another house so easy. I will be using their services again in the future and I hope you'll use them too! Thanks Steve for your outstanding service! Andy Roberts 2023-03-21 Steve offered a different approach to finding a mortgage, one which was far more personable, professional and hassle free compared to our previous high-street lender. Quick to react when required, knowledgeable and courteous. EDIT > What a shame that when I later approached Steve for help with a second holiday home mortgage his attitude was generally negative and at times plain rude. We went elsewhere and had a product sourced and secured within days. Alex Russell 2023-03-20 Excellent, knowledgeable service. Highly recommended. paul cumberbirch 2023-03-17 Steve has organised mortgages for me on several occasions over the last few years. He has always done this in a timely fashion and gets me the best deals on the market that suit me at the time. Ans he's fee free!! I would highly recommend Mortgages Re mortgages to anyone looking for a mortgage.
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