SHOULD I STAY OR SHOULD I GO?
Mortgage deal ending and not sure whether you should stay with your current lender or switch to someone else?
What should you do?
Staying with your current lender and choosing a new product is probably the easiest option but could cost you a small fortune. A lot of lenders offer higher rates to existing customers than they do to new ones for this exact reason, its the easy option and people often assume because they are already a customer this means they will get offered the best rates.
The reality is most of the time you can get a better rate by switching to another lender.
So why would you ever stay with the same lender?
There are a number of times when staying with your current lender might be the right option, the main ones being:
- Timescales - you've left it too late and dont want to pay more than you have to
- Your income has changed and therefore you may not be able to borrow the required amount elsewhere
- You've had credit issues since you took out the original deal
- You just can't be bothered with the hassle
- They are offering the best deal
There are other reasons you might want to stay where you are but is it the right option for you.
Switching your lender could save you hundreds every month!!
And the reality is, its easy!!! Well it is when you've got someone to do it for you 😀
Most lenders will even offer you free legal work or cashback to get you to switch to them so surely its worth having a look whats out there.
So if you are coming to the end of your deal and debating what to do then get in touch to explore your options, if its the right option to stay with your current provider then we will sort that for you at no cost!
#shouldistayorshouldigo #mortgage #MONEY #savings ... See MoreSee Less
1 day ago ·
📣 10% DEPOSIT OPTION AVAILABLE FOR ONE DAY ONLY!!!
ALL APPLICATIONS TO BE SUBMITTED ON TUESDAY!!!
5 YEAR FIXED DEALS
o 3.49% with no product fee
o 3.24% with a £995 product fee
o Both include £500 cashback, paid on completion.
• Maximum loan-to-income multiple of 4.5
• Maximum loan amount of £500k
• Maximum term of 30 years
• Property type: house or bungalow only
IF YOU'VE FOUND A PROPERTY AND HAVE BEEN WAITING FOR A SUITABLE OPTION FOR YOU THEN ACT QUICK AS EVERYTHING NEEDS TO BE READY TO GO ON TUESDAY!
IF THIS IS YOU THEN GET IN TOUCH! ... See MoreSee Less
4 days ago ·
😂 A customer bought a new home and as the broker we wanted to send flowers for the occasion.
They arrived at the home and the owner read the card; it said “Rest in Peace”.
The owner was angry and called the florist to complain.
After he told the florist of the obvious mistake and described how angry he was, the florist said,
“Sir, I’m really sorry for the mistake, but rather than getting angry you should imagine this: Somewhere there is a funeral taking place today, and they have flowers with a note saying, “Congratulations on your new home”. 😂
PS. NOT ACTUALLY ONE OF OUR CUSTOMERS!
#newhome #funny ... See MoreSee Less
5 days ago ·
STILL FIXED INTO YOUR CURRENT MORTGAGE AND LOOKING TO MOVE HOUSE?
Dont worry! We can still help!
Most lenders will let you take your mortgage with you when moving as long as you still fit their criteria and the new property/ lending amount is suitable.
And good news! We can do this all for you, we’ll check they are still willing to offer you a new mortgage and not only that but we will also check you are not missing out on much better deals from across the market and therefore it may be worth paying an early repayment charge to switch to a different lender.
If you are fixed in to your current mortgage and looking to move house then let us know and we can explore the right option for you.
#moving #home #mortgage ... See MoreSee Less
1 week ago ·
Unfortunately it doesn’t work like this!
There are however simple ways to reduce the term of your mortgage:
Swap your current mortgage deal to one with a lower rate - you could then overpay your mortgage or keep your monthly payments the same and reduce your mortgage term.
Start overpaying. £10, £20, £100. Every little helps and consistently overpaying can drop your mortgage term significantly.
Consolidate expensive debts, yes this may mean a larger balance but with the monthly savings you make you could again look to pay that extra on your mortgage reducing the term.
So don’t go and rip up your mortgage paperwork, why not explore the other options to help you become mortgage free sooner! ... See MoreSee Less
1 week ago ·
FINANCIAL SERVICES ARE BORING...
1. Book an appointment (when they can fit you in)
2. Sit through boring appointment with man/woman in a suit
3. Sign page after page of boring paperwork
4. Wonder why you bothered in the first place
PREVENT BOREDOM AND SORT YOUR MORTGAGE IN A SNAP!
No Formal appointments, no suits, no unnecessary paperwork!
Just modern, friendly and hopefully not boring advice, get booked in today!
#boring #financialservices #mortgage #advice ... See MoreSee Less
2 weeks ago ·
Done a bit of DIY during lockdown?
Now reckon you could build your own dream hone?
Is this something you would consider doing?
❓What would be your 3 must haves if you were building your dream home ❓ ... See MoreSee Less
2 weeks ago ·
BREAKING TRANSFER NEWS!!!
New mortgage star agrees personal terms with Blue Croc.
Currently undergoing medical at Blue Croc HQ
Keep your eyes peeled for a further announcement.
In the meantime, guess the day from their date of birth for your chance to win a prize!!! ... See MoreSee Less
2 weeks ago ·
3 weeks ago ·
FIRST TIME BUYER AND WORRIED ABOUT LACK OF CREDIT?
How you manage credit is one of the things lenders look at when making a decision on whether to offer you a mortgage or not.
But what if you are young and haven’t needed credit before, does this mean lenders won’t lend to you. NO!
Everyone has to start somewhere and yes lack of credit can sometimes be an issue as you have no history to show you can manage your commitments, but that doesn’t mean you can’t get a mortgage and there are a few simple things you can do to improve your chances!
- Make sure you are on the electoral roll
- Ensure any mobile phone contracts are in your name
- If living at home consider putting one of the utility bills in your name
- If you have a credit card consider using for small spend and paying off in full each month.
These are only a few simple ways of improving your credit score and the picture a lender will see. Most of all whatever you do ensure you make all payments on time!
Even with a lack of a credit history there are plenty of lenders who will consider your application and as your adviser we will work with you to get the right mortgage option.
If you want to discuss your credit history or mortgage options then drop us a message or email us at firstname.lastname@example.org for your free initial chat.
#mortgage #firsthome #credit ... See MoreSee Less
3 weeks ago ·