'I’m a mortgage expert – five easy mistakes homeowners make when remortgaging and how to avoid them'
Deals have already edged up and some are being withdrawn rapidly and replaced with higher rates.
"It is best to start thinking about new mortgage deals around six months before your current rate is about to end, to allow time to line up a new deal and prevent being moved onto your lender’s SVR." "There's a temptation to do nothing because you don’t know what to do but doing something means you have a deal to fall back on - if rates carry on climbing then at least you’ll have something secured - mortgage offers are largely valid for six months.”For many people it can be tempting to stick with their current lender, especially if they have been with them for years..
A lower percentage LTV can result in lenders offering you better rates of interest and lower monthly repayments when it comes to remortgaging. If you're regularly applying for credit within a short period of time, mortgage lenders will likely assume you're overly reliant on credit and could deem you to be higher risk.
While it might be enticing to chase the cheapest rates, it's worth bearing in mind additional fees that can crop up when remortgaging.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
I'm a phone expert - four mistakes are adding up to £1,490 to your annual billsYOU might be making a few simple mistakes that could be adding £1,490 to your mobile phone bill every year. The cost of living crisis has put a dent in everyone’s wallets and many of us will …
Read more »
Scottish city branded most expensive for renters as buyers save £2,580 yearlyRenters are paying thousands more than homeowners in one Scottish city — the biggest difference in all of the UK
Read more »
Homeowners urged to fix mortgages as one in 10 taken off the market“If you are coming to the end of your existing deal or are already on a standard variable rate, it could be prudent to remortgage now,” says Mark Harris of mortgage broker SPFPrivClients gracegausden93 reports
Read more »
Couple look forward to becoming mortgage free after top scratchcard winA Glasgow couple is looking forward to becoming mortgage free after scooping a huge scratchcard win.
Read more »
What next for Sudan’s most notorious rebel leader, known as Hemedti?It won’t be easy to defeat him
Read more »
Michelin Power Cup Tubeless Ready Tyre 700x28Review: They certainly don’t disappoint on the speed front cycling MichelinTyres
Read more »