As we approach Christmas, you might not want to think about your finances and mortgage. Although for many, January 2024 will see fixed rates coming to an end and the prospect of higher rates affecting their budgets. Historic rates of one and two percent are unlikely to reappear for the foreseeable future. Five and six percent are the current potential rates for many borrowers. You need to plan for the impact of the changes, and act before your existing product runs out. We can help you navigate the journey and guide you to the most competitive schemes.

Our advice is based on the whole of the market, with a view to finding the most competitive products. If you are on a variable rate, you could be paying almost nine percent and considerable saving may be possible by re-mortgaging, and again we can help.

Lenders are competing for market share and a price war is taking place which can only be of benefit for most of you. We would strongly urge you to act now, and not assume that rates will keep on falling. The Bank of England have laid out their stance that the bank base rate will not be reduced in the immediate future, as they are looking for a further down trend in inflation.

Finally, anyone who is considering Equity Release will be pleased to hear that rates are also falling based on changes in the money market. This opens opportunities to release funds that may be used to supplement your income or provide for home improvements and other lifestyle schemes. You may want to help your children or grandchildren gain access to the property market, and Equity Release can provide the solution to providing a deposit.

You should always take expert advice if considering this course of action and we are qualified to help.

Our advice is free, and we only charge our brokerage fee when you receive your offer.

We have built our business on treating customers fairly, and referrals from satisfied clients are our business's foundation.

You can contact The Mortgage Clinic Ltd via telephone at 07957 578754, or email through their contact link.