Tuesday, 27 March, 2012
With mortgage rates beginning to move up, it’s maybe time to think what’s the best move for you.
Some homeowners are set to suffer rising interest rates as some mortgage lenders have either put their rates up or are considering it.
The website thisismoney.co.uk says that “a round of mortgage rate rises is being unleashed by banks on loyal customers - many of whom will be trapped and have no choice but to pay up.”
The hikes in cost come despite the Bank of England maintaining the base rate at a historic 0.5% low and are expected to raise concerns among thousands of homeowners who are already struggling to make ends meet.
You can read more on the following two links:
Read more: http://www.thisismoney.co.uk/money/mortgageshome/article-2112784/Beware-mortgage-sharks-Are-risk-lender-hiking-rates-big-squeeze-hits.html#ixzz1pwH5UZfl
Your home may be repossessed if you do not keep up repayments on your mortgage.
Typically we do not charge a fee for mortgage advice, however if we do, depending on your circumstances, it will be a maximum of £250.
As with all insurance policies, conditions and exclusions will apply.
The Mortgage Shop (N.I) Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority Registered Office: The Mortgage Shop (N.I) Ltd, 132 Great Victoria Street, Belfast. BT2 7BG. Registered Company Number: NI26842. Registered in Northern Ireland.