A guide through the mortgage 'bad news'
Mortgages are in the press and on the news on a daily basis and very rarely is it uplifting news.
If it's not the recent credit crunch in America affecting our housing market, or the falling housing prices, it's the irresponsible lending policy of Banks and Building Societies that's lead to people over committing themselves, eventually leading to their own credit problems.
However, your property could be the answer to many of your problems. One thing all Banks and Building Societies have in common is that they have to be competitive in the lending market, as a result there are many products on offer which are better suited to your needs than you currently have.
Many people review their mortgage arrangements every 2 or 3 years, if you have a fixed, tracker or discount deal coming to the end of the lower rate period do not just accept what your current lender offers you as you could make substantial savings by going elsewhere. There is a very active re-mortgage market, where certain lenders will offer you another fixed, tracker or discount arrangement without you having to pay any valuation or solicitors fees.
At Squirrel Financial Management Ltd, we are in a fortunate position as being totally Independent we have access to all Lenders in the market and therefore can recommend a product which is the most competitive that matches your needs.
One thing we have been able to do for people if required when re-mortgaging is debt consolidation. This is when a person is able to repay all their other debts i.e. credit cards and loans. By increasing their mortgage accordingly, the result is a substantial lowering of their monthly outgoings.
The U.K mortgage market is changing and will continue to do so, hence the reason why now, maybe more than in the past it is important to get Independent Advice, and not just rely on one or two Lender's. The market is getting tighter for first time buyer's, as you are seeing the majority of lenders pulling out of the 100% market, the sub-prime market i.e. those people with credit problems is changing, self-cert mortgages (where confirmation of income is not required) are being restricted.
If you feel you could benefit from a free consultation, all you have to do is contact us quoting Family Time Magazine and if we are able to assist you, we will give you £50 Marks & Spencer gift vouchers as well as donating £10 to NSPCC on completion of your mortgage.
Irrespective of your current circumstances, please contact us on 0121 308 1152 or email us at info@squirrelgroup.co.uk, or speak to one of our mortgage advisers, John
Ayre, on 07860-190464/ john.ayre@squirrelgroup.co.uk quoting Family Time Magazine.
Further information is available about current mortgage rates and about Squirrel Financial Management on our website www.squirrelgroup.co.uk.
Written quotations available on request. All loans are subject to status. Your home may be repossessed if you do not keep up repayments on your mortgage.
Think carefully before securing any debts against your home.
Squirrel Financial Management Ltd is authorised and regulated by the Financial Services Authority.
Registered in England and Wales No 03961335, Head Office and Registered Address: SQ2 House, 240b Lichfield Road, Four Oaks, Sutton Coldfield, West Midlands, B74 2UD.
