Now is the time for mortgage advice

07/04/2011 by Arthur Childs.

Even if you personally do not have a mortgage you may have family or friends who are considering remortgaging or taking the plunge to put their first foot on the property ladder. So please pass this on to anyone you think may be interested. Over previous years, we have received many enquiries from clients asking for advice on remortgaging or purchasing. In many cases, due to the low bank rate, the best advice for remortgages was to stay on the existing lender’s Standard Variable Rate.

But things are beginning to change on the mortgage front:

With the prospect of interest rates increasing sooner rather than later (three of the nine members of the Bank of England Monetary Policy Committee have voted for a rate rise), lenders are already increasing rates, even on short term mortgage rates (2 and 3 year schemes). We may only have another few months to wait before rates start rising in earnest. It will be difficult to know when is the right moment to move from a variable rate to a fixed rate – we will only know the answer with hindsight! We anticipate quite a number of clients wishing to review their mortgages. 

We currently have two mortgage advisers – Deirdre Trussler and Alison Radford. If you think a discussion on your options would be helpful, please contact us now.

Our Advisers

Both Deirdre and Alison have been mortgage advisers for a number of years with extensive experience. They are also fully experienced Independent Financial Advisers, so are able to look at the “bigger picture” with regard to clients’ overall financial affairs. They both deal with all types of mortgages, as well as giving advice on life and health protection, wills, tax planning, general insurance in connection with properties, as well as any investment or savings advice that may be required. Deirdre specialises in buy-to-let advice and Alison specialises in equity release schemes.

Arch Financial Planning Limited is able to offer clients an excellent service in advising on the choice of lender (or advice on choice of scheme with an existing lender) using up to date sourcing software, and help with navigating through the paperwork and legal work involved with mortgages. 

What to do next

Please get in touch with our offices for a review. For new clients an initial meeting at our expense is usually necessary to establish your requirements and we will discuss our fee structure for ongoing work. Existing clients can update their financial information with us, with or without a meeting, as appropriate and can also discuss our fees before any work is carried out.

If you would like to discuss any issue that has been raised by MortgageTalk please ask your usual Arch adviser, telephone 01483 204600 or email enquiries@arch-fp.co.uk.

Your home may be repossessed if you do not keep up monthly repayments on your mortgage.

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