Win-Win Mortgages

A fixed mortgage rate, that could fall, it’s a ‘WIN-WIN’ situation

If you’re one of the 600,000 people remortgaging in the first half of 2024, it’s understandable that you’ll be concerned by 2023’s sharp interest rate rises. Many people who are remortgaging are looking at a monthly repayment that is hundreds of pounds higher than they’re currently paying.

But did you know that it is possible to lock in your new mortgage rate up to six months before your current deal expires and potentially benefit from any rate reductions in the meantime?

This option protects you from further rate rises before your new deal comes into effect. Even better, if rates fall instead of rise, some lenders will also allow you to move to a lower rate instead. For mortgage holders looking to secure the best possible deal, it’s a win-win.

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Navigating the remortgaging minefield

If your mortgage deal is coming up for renewal in the next few months, you might be confused about your options. Should you take a shorter or longer-term product? Should you lock your rate in with a fixed product, or go with a tracker mortgage to take advantage of any rate decreases? With the outlook uncertain, the need for a mortgage expert has never been more important.

Enter Life Financial Solutions. Our specialist mortgage team is here to provide sound remortgaging advice and help you secure the most suitable new deal in these difficult times. If you’re coming up to remortgage, they’re on hand to scour the market, find the lenders offering the most preferential rates and advise on the possibility of locking in your rate in advance, ensuring that your repayments are no higher than they have to be.

Don’t delay – talk through your needs with our mortgage specialists today by calling 020 8236 8540 or email info@lifefs.com.

As a mortgage is secured against your home, it could be repossessed if you do not keep up the mortgage repayments.