What to Consider Before Remortgaging
With mortgage rates at their highest since the 2008 financial crisis(1), those looking to remortgage have more to think about than usual. Many whose deals are coming up for renewal will have agreed their mortgage at the time when Bank Rate was just 0.1%. Now, it stands at 5.25%. If your deal is coming to […]
Feeling the Squeeze – Romsey Residents and the UK Mortgage Rate Hike – Insights from Rita Kohli
Rita Kohli, the Managing Director of The Mortgage Stop, has been at the forefront of Romsey mortgage advice for years. With her extensive experience and deep understanding of the market, she’s been guiding local homeowners through the current financial storm. The Bank of England’s base rate increase has led to fixed-rate mortgage deals hitting levels […]
From Panic to Prepared – Your Guide to Successfully Switch Your Mortgage
In a financial landscape marked by rising interest rates, the prospect of coming off a fixed-rate mortgage deal is worrying so many people now. If you’re among those facing this situation in the coming months, you might be feeling a sense of unease. But worry not. We’re here to help you prepare you to switch […]
5 Tips to Help You Remortgage with Confidence
Remortgaging can be a daunting task, but it doesn’t have to be. By following these five tips for remortgaging, you can remortgage with confidence and secure the best possible deal for your needs. 1. Check your credit score and financial standing Your credit score is one of the most important factors that lenders will consider […]
Extending Your Mortgage Term – Weighing up the Options
A Brief Introduction to Extending Your Mortgage Term When Remortgaging In today’s ever-changing economic landscape, managing your mortgage effectively is more important than ever. Recent interest rate rises, the cost of living crisis, and soaring energy bills have left many homeowners searching for ways to alleviate financial pressure. One option to consider is extending your […]
How Remortgaging Can Help You Save Money
Are you feeling the pinch of rising costs and an uncertain economic climate? With the Bank of England base rate at its highest level since 2010 and inflation still above 10%, it’s no surprise that many are feeling the strain of higher expenses for fuel, energy, and everyday basics. To make matters worse, this year […]
Should I Overpay On My Mortgage?
When it comes to managing your mortgage, one of the decisions people often ask themselves is “whether or not to overpay on my mortgage”. This decision can have serious consequences for your finances in both the short and long run, so it’s important to weigh all the pros and cons before making a decision In […]
Should You Fix Your Mortgage Now With Interest Rates So Low
It’s stayed the same for the 13th month in a row. The Bank of England’s base rate is like a stuck record. And that’s great news for anyone looking to take out a mortgage or current householders considering remortgaging. After all, when the base rate is low, so are mortgage interest rates. As we write […]
Save Money by Remortgaging in 2021
British homeowners could save an average of £169 a month by remortgaging to a fixed-rate deal at today’s low rates, according to research (1). This figure equates to an annual saving of over £2,000, yet almost nine in 10 borrowers haven’t thought about switching lenders. In March 2020, at the start of the pandemic, the […]