If you’ve been putting off thinking about sorting your mortgage or finding a better deal, then time is running out.
The general consensus is that mortgage rates are on the increase both over the short term and the long term.
Rewind to less than one year ago and the cheapest 2-year fixed deal was under 1 percent, fast forward to today and the best deal on the market is currently set at 1.35 percent. If you think about that over not just a month but over the longer term such as a year, 5 years or 10 years you could be paying thousands more on your mortgage.
It’s not difficult to understand that the long-term view on interest rates is rising and many are suggesting that a further Base Rate rise is imminent.
Now really is the time to check what deal you’re currently on, if any and begin to have a look at mortgage opportunities that are available. You may find that you can save money on your current deal or at very worse prevent paying out more than you have to for years to come.
Speaking to a qualified Mortgage Adviser is essential when finding a mortgage that will both meet your needs and save you money. You may even find that you can reduce the term of your mortgage too!
If you’d like to find your next mortgage deal why not get in touch and speak to one of our Mortgage Advisers, you can call 03333 448511 or email enquiries@onlinemortgagecalculators.co.uk