Why are mortgage rates higher?
Over the last couple of years, we have seen increasing inflation, where goods and services have become more expensive. To curb this, the Bank of England has increased the base rate several times to try and discourage spending and to encourage saving resulting in an increase in borrowing costs, including mortgage rates.
Sitting still could result in higher repayments
Not acting will result in being moved on to the lender’s Standard Variable Rate (SVR) when your fixed rate expires. The interest rates on a SVR may be higher than those on a fixed-rate deal, so it’s always worthwhile acting ahead of your fixed rate expiry date by having your next deal lined up in time, helping you to avoid paying more than you need to.
Speak to Mallory Financial for advice
It’s not always easy to know what mortgage product is right for you, so that’s where the value of professional mortgage advice comes in. We are here to listen and to recommend products that we believe are most appropriate for you and your unique circumstances.
Ways we could help you secure a better mortgage rate
We are here to support you
We understand that the current mortgage market and the potential increase in repayments could provoke concern for those facing a remortgage later this year. We can help put your mind at rest by supporting you through the remortgage process and securing the best product for your situation.
Take a positive step today by making an appointment at a time that suits you.
Contact the team on 01565 874 246
Email: hello@malloryfinancial.co.uk
We help make our customers feel happy
Flawless service
It’s not always you get absolutely flawless service so I felt compelled to leave a review of Mallory Financial.
Jayne Knight was extremely helpful, she made sure she listened to all of my needs and catered her service to ensure I was completely satisfied. She went above and beyond. Jayne and Holly are amazing at what they do and I would not go anywhere else in future for any financial advice. You have got 100% excellent service.
Extremely efficient and proactive service!
I can’t thank Jayne and Hollie enough for helping my family and I secure a mortgage that suited our particular needs. The process was smooth and transparent, extremely quick – even my estate agent commended their efficiency! All issues were responded to very quickly, and we’re now on our way to securing our new home. Highly recommended.
Jayne is a legend!
Being first-time buyers we had no idea what we were doing! Jayne made the process so simple and understandable which made things much easier to deal with. Jayne has been super responsive throughout; we highly recommend!
I would highly recommend Mallory Financial
If you need any assistance with mortgage/general refinancing. Your circumstances are irrelevant as they will find a tailored package to suit your needs and make sure you are comfortable with the product by keeping you updated at every step. The speed, professional service and efficiency is another reason why l would recommend Mallory Financial to any family member or friend. I had a lovely lady called Jayne who looked after my case and kept me in the loop at every step. Thank you Jayne for a great service.
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