New Year, New Mortgage?
30 January 2017
Time to Review, says Connells
If your New Year’s Resolutions included giving your finances a fresh start then it may be an opportune moment to review your mortgage, according to local estate agency Connells. With the start of the year continuing to see low interest rates and more competitive deals available, borrowers should take steps now to lock into a fixed monthly mortgage payment or, alternatively, look to cut their monthly mortgage outgoings.
“January is typically a time to review your finances and look to the year ahead to see if there are any savings to be made. It is certainly worth reviewing your mortgage regularly and seeing if there are any better products available to you,” says David Miles, Group Mortgage Services Managing Director at Connells's parent company Connells Group.
“There is also ‘no time like the present’ as borrowers can continue to enjoy the low interest rates currently available, rather than face the prospect of any rate rises that may come in at some point in 2017. Additionally, remortgaging can also be arranged to finance home improvements, to fund the purchase of an investment property or to buy out a joint owner’s share of the property,” continues David.
Connells offers mortgage and remortgage advice from its network of branches and has access to many different mortgage products. To speak to a Mortgage Consultant, please contact your local branch.
A BROKER FEE MAY BE PAYABLE ON APPLICATION. OUR TYPICAL FEE IS £598.00
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU RE-MORTGAGE.
Connells is a trading name of Connells Residential, an Appointed Representative of Connells Limited which is authorised and regulated by the Financial Conduct Authority for advising on mortgages and non-investment insurance contracts (most Buy to Let mortgages are not regulated). Connells Residential is registered in England and Wales- Company Registration No: 1489613. Registered Office: Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN
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