If you have a mortgage, then please take a look at the advice below.
Now that the Bank of England has announced that interest rates have risen to 3%, mortgage rates are set to change again, so if you are on a fixed rate mortgage that is coming to an end soon or if you have a variable mortgage then seeking advice now is highly advised.
The Bank of England has raised the base rate of interest by 0.75 percentage points to 3% – the single biggest increase in more than three decades.
According to Bank calculations, higher rates will mean the average household has a £3,000 annual increase in their mortgage costs.
If you are a bit stuck on this subject and worried about what you can and can’t do then we can offer free, impartial advice in confidence before you do anything.
We always recommend to our clients that they speak to a mortgage advisor that is “whole of market” – in other words, look for the best rate across a variety of options.
Most people just go straight to their bank and sometimes this can be the best option for you – but there is no harm in checking right?
If you are a bit stuck on this subject and worried about what you can and can’t do then we can offer free, impartial advice in confidence before you do anything.
We work with a fantastic, local, independent mortgage advisor who is more than happy to offer advice and do an initial consultation for free – even if its to just help you find your feet.
A mortgage is the biggest loan you’ll probably ever take and will follow you for the greater part of your adult life.
Get in touch if you need any help with the following:
- First-time buyer mortgage
- Buy-to-let and let-to-buy for investors
- New Deals
- Re-mortgages
- Debt consolidation
- Equity release
If you need a mortgage but are finding it difficult to get what you need, especially if you have difficult or unusual circumstances, Campbells works with an independent mortgage broker who is dedicated to giving you a personal service, accurate advice, and reassurance to help you make the right decisions.
