We understand that the current challenges we are all facing in light of the ongoing cost of living squeeze and the rise in interest may be causing some concerns and uncertainties, but we want to assure you that we are here to help and support you during these times.
Our main goal is to ensure your financial well-being and assist you in navigating through any changes in the market. We understand that the increased cost of living, coupled with rising interest rates, can have a significant impact on your financial plans and mental health.
With this in mind, we are able to conduct a review of your current financial situation, taking into account your income, expenses, savings, and any outstanding debts. This review will help us identify areas where adjustments could be made to accommodate the rising cost of living and rising interest rates.
If your current mortgage deal is looking to end in the next 12 months you have options you can explore now:
If your mortgage is due to end in the next 6 months
Give us a call to look at securing a deal ahead of your deal coming to an end. Some lenders can lock in deals up to 6 months in advance so it might be worth the discussion now.
On a variable or tracker rate?
Contact us so we can discuss if you ditch, switch and save - and act quickly, as current rates are being rapidly reviewed and increased. This is especially likely for those on standard variable rate (SVR) mortgages.
Unsure of your options?
As a mortgage holder, it can be confusing and unclear what the changes mean to you, but if you’re unsure we’d encourage you to pick up the phone and get in touch with us to discuss your current situation so we can advise on the most suitable options.
If you’re struggling to pay
Avoid missing repayments without first speaking to your lender
With the cost of living increasing, many homeowners are struggling to meet their mortgage repayments. Missing a mortgage payment is known as falling into 'arrears'. You want to try to avoid this as best you can, as it'll have a serious impact on your ability to get credit in future. So, speak to us, or your lender as soon as you can to discuss your options.
Remember, our team of experienced financial advisers are available to provide personalised guidance tailored to your specific needs and circumstances.
If you would like to discuss your financial situation further, please do not hesitate to get in touch.
SPEAK TO AN ADVISER
Risk warning: Think carefully about securing other debts against your home. Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it. You may be charged a fee for mortgage advice.