For many of us, 2020 was a strange year financially and economically with the headlines being dominated by one ongoing saga of...well you know it without me saying it!
Alternatively, 2020 may have been a year where you intended to (and perhaps did!) lose weight, drink less, exercise more etc. All of these aims should be applauded, but financial health and wellbeing should also be at the top of the New Year agenda. The newspaper headlines often focus on savings which can be made by reviewing areas such as utility bills and costs of shopping, areas which can produce a gradual saving each month over time. Many of these ideas are also targeted by the price comparison sites as they offer small savings in a quick and easy manner.
A mortgage review though can produce significant savings both month on month by lowering repayments, and long term by securing a lower rate and possibly reducing the mortgage term. To many, it may seem a daunting prospect, however, by using a mortgage broker, much of this pain and time can be removed.
After an initial no obligation conversation in the region of 45 minutes, a good quality broker will know whether they are able to assist and also broadly how much you might be able to save or perhaps raise capital to clear credit commitments, fund a Buy to Let, help children etc. In addition, they will deal with the lender and all of the paperwork so that you don’t have to be too concerned, and your time investment is kept to a minimum.
Given everything that is going on with both Covid-19 and Brexit, now really is a good time to review the biggest financial transaction that any of us ever undertake. The Bank of England base rate is currently at an historic low of 0.1% and in turn mortgage interest rates are low. So as we enter a potentially volatile period for the UK financially why not take this early opportunity of a no obligation mortgage review to establish your options and make this one of your New Year’s resolutions that is actually kept?
If you would like to see what our clients have to say about us we have in excess of one hundred and ninety Google 5* reviews on-line and on our website from satisfied clients! www.innovateml.co.uk
