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Archive: A third of home owners don’t know their mortgage rate

According to latest research by Which*, a third of those with a mortgage do not know what rate of interest they are paying. This was reported in What Mortgage Magazine.

What this means for home owners and home movers

Adam Nanson from Your Mortgage Expert comments:

“Consumers are currently enjoying record low levels of mortgage rates and the recent predictions are that these will remain until the end of 2016 and possibly until the beginning of 2017.

“This means that prudent home owners should be looking to take advantage of the low rates while they last. So it is especially worrying that so many of those with a mortgage have no idea what interest rate they are paying.”

How Your Mortgage Expert can help
Adam continues:

“We offer independent mortgage advice and aim to break down all the jargon to truly put home owners and home buyers in control. This means that we will help home owners better comprehend what mortgage rate they are currently paying and whether they can save money by switching or fixing. With the popularity of fixed rate mortgages at record levels now is the time for home owners to look into whether they could save money on a better rate.”

Your Mortgage Expert is independent which means we know all the current deals on the market and can make the most appropriate recommendation for you based on your circumstances. Some of the deals may only be available through independent advisers. So whether you’re looking for a fixed rate, variable rate or you’re a First Time Buyer, Your Mortgage Expert can review your circumstances and give you the most appropriate mortgage rate advice based on your affordability.

To speak to Adam Nanson about your next mortgage, ring him now on 01722 322683 or complete a contact us form and let him know when he can call you back.

We don’t charge for an initial consultation, so by speaking with us, you won’t be under any obligation. To find out more about our services and how we operate, visit our about us section.

The information contained within this article was correct at the time of publication. It is intended for information only and does not constitute advice. TenetLime cannot be held responsible for information that was correct at the time of publication but subsequently changes or goes out of date due to changes in legislation. For further information, contact Your Mortgage Expert on 01722 322683.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. SECURING SHORT TERM DEBTS AGAINST YOUR HOME COULD INCREASE THE TERM OVER WHICH THEY ARE PAID AND THEREFORE INCREASE THE OVERALL AMOUNT PAYABLE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.

Please note: if you click on the below links you will be departing from the regulated site of Your Mortgage Expert Ltd. Neither Your Mortgage Expert Ltd nor TenetLime are responsible for the accuracy of the information contained within the non-regulated site.

Source*: http://www.whatmortgage.co.uk/news/one-three-unaware-mortgage-interest-rate