Despite the fact that a number of mortgage providers have now withdrawn or reduced their mortgage deals for new home purchase cases, many homeowners are rushing to re-mortgage to take advantage of low interest rates and to protect themselves against the financial impact of the Coronavirus.
Although health concerns are their immediate priority, people are searching for ways to reduce their monthly expenditure and cutting their biggest monthly outlay makes financial sense.
Although the Coronavirus (COVID-19) is having a significant impact on obtaining funds for purchasing a new home, re-mortgages are still available from lenders at competitive rates.
If you currently have a mortgage, there is a good chance that you may be paying out more money each month than you should be.
Depending on the size of your mortgage, you could make substantial savings each month by simply changing lenders. Many borrowers regularly switch their mortgage every few years to take advantage of the better rates on offer.
Everybody at some time or other will find themselves having to re-mortgage. Choosing the right mortgage for you can be tricky.
The Mortgage Advice Service provides a free financial review service to help identify the best solution to suit your circumstances.
Our mortgage advisors are available Monday-Friday from 8 am to 8 pm to help you find the best re-mortgage deal to suit your personal circumstances.
If you a looking for mortgage advice that you can trust, Call The Mortgage Advice Service us on 0141 956 7756 or 0800 011 2322 and speak to one of our advisors today.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
The Mortgage Advice Service Scotland is a trading style of The Mortgage Advice Service (Scotland) Ltd which is authorised and regulated the Financial Conduct Authority for mortgages, protection insurance, and general insurance products.