Our MD and adviser Luke talking about mortgages and interest rates rises on the BBC HEREFORD & WORCESTER Radio Breakfast show
Our MD Luke was invited on the BBC HEREFORD & WORCESTER Radio Breakfast show to talk about mortgages and interest rates rises. Just as the Bank of England has announced today another increase to its base rate from 2.25% to 3.00%.
There is a lot of talk in the media about mortgage rates. It is true that some rates have increased but it is also true that many lenders have dropped their rates in the last couple of weeks although you will find this less reported in the media.
If you are looking to buy a house or remortgage, a mortgage broker can help you navigate this turbulent market and find you competitive options to help keep your costs down. Fairview Financial are still helping clients every day because,- despite the BOE rate increases - many are finding that the mortgage is still affordable. Ultimately, it is not always about the rate percentages (as scary as they are becoming lately) it is about whether or not you can still afford the monthly repayments. This is where we can help guide you.
SPEAK TO AN ADVISER
Think carefully before securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage. You may be charged a fee for mortgage advice. The precise amount will depend on your circumstances.
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