Every one is looking for the best mortgage rate available. Now more than ever it's important to regularly review your mortgage. But in isolation the lowest mortgage rate may not always be the best mortgage for you. What's the point for example in a low rate if it only lasts for one year but you are tied to the mortgage company for five years. The best mortgage is one which ticks as many boxes as possible and not just the lowest rate.
That said, once we have considered all other factors and your future needs we will always look to provide a you with the best UK mortgage rate available. Being independent rather than tied to one source of lending means we have the freedom to search the market and compare rates as well as terms, arrangement fees, early redemption and many other critical considerations. Comparison sites can give you a feel for the various products available but the variables they compare are going to be limited and can not completely take account of the intricacies of your personal requirements as they stand now AND importantly looking towards the future. A good deal today could be disasterous further down the road.
For example, suppose you find three comparitively good deals on a comparison site. The each have a low interest rate. They all have 80% loan to value lending. Finally they all have the same arrangement fee. So its just a case of choosing one right?
Well not quite. What the comparison site couldnt know was that running your own business is not straighforward for you. Your work is seasonal and February to May are not great for you in terms of cash flow. And in three years you intend to retire and move to Spain.
The three top choices it offered also have five year tie-ins and the rates are introductory. So in the long term perhps a mortgage with a slightly higher rate but no tie-in and holiday periods (where you can miss some payments) might be the best option for you.
For some things you need to be human!
For personal advice and service call us or if you are too busy to call right now, use our on-site three step initial enquiry form and tell us when it's convenient to call you another day.
We keep our eye on the market daily and are always looking for the best UK mortgage rates so that our clients receive the maximum possible benefit from any interest rate changes.
The latest interest rate cut has taken mortgage rates in the UK to just 2% the lowest they have been in over 50 years. This is great news if you are looking for a new mortgage or your fixed term is coming to an end. If you are unsure what to do next and can't decide on the best mortgage product or just want a chat about possible options please do not hesitate to get in touch.
We are happy to talk with no obligation and should you wish to use our mortgage broker service we will advise you which mortgage is best for your needs in the UK. If buying abroad we can still help. Please call 0845 6434 759 or use the links below which will take you to more information and our easy 3 step mortgage application / enquiry forms.
Ensuring you of our best intentions at all times.
HMS
Hayes Mortgage Solutions
Tel 0845 6434 759
Tel 02920 865410
Fax 02920 880803