Mortgage Evolution is a specialist mortgage brokerage and does several hundred mortgages each year! The company is based in Chislehurst High Street and have great relationships with lenders; they can access any bank/mortgage lender in the market.
There has been lots of doom and gloom in the news about the mortgage market since the mini-budget shook the economy, but there are various positives appearing (positives that you don’t hear in the news…), and they are here to help.
The points below may be relevant to you, particularly if your remortgage is due within the next 12 months:
- Most lenders now allow their customers to switch mortgage products up to 6 months in advance – they can do this for you quickly, and don’t charge a fee!
- Some lenders are offering 12-month mortgage offers.
- If you secure a mortgage rate but don’t need to complete for 6 months, most lenders will lower your rate if rates should reduce during that period (they can liaise with your lender on your behalf to do this).
- Swap rates (these determine at what rate the banks lend money to each other) have positively settled and dropped below 4%.
- Economists within the mortgage lending industry currently predict that the base rate may not reach the heights previously expected (5-6%), and could instead level out at around the 4% mark.
- Mortgage Evolution can review the term of your mortgage – extending your term can reduce your monthly payments.
- There is no income assessment on switching your mortgage if you stay with the same lender (we can arrange this for you – no questions and no fee!).
So, despite the negative headlines circling the media currently, there are some positive options available. Some of these may be in the short-term, whilst rates continue to settle, but reviewing what is available to you is definitely key to ensuring you can secure an affordable mortgage.
Mortgage Evolution’s brokers have lots of experience – mortgages are their sole business so they know our market – and we are focused on the changing times and options available to our clients.
Mortgage Evolution don’t charge broker fees as they are paid by the lenders, and this doesn’t affect the rate or fees you pay for the mortgage. Did you know around 90% of mortgages go through brokers now? That is because mortgage brokers can save you time and money.
Please get in touch – summarise your situation in an email and you will get a response (and free advice) within 24 hours: info@mortgageevolution.co.uk
