Call Lonsdale Mortgages if you are due to remortgage in 2023

Monday 27 March, 2023

Better fixed rate mortgage deals available

Despite mortgage rates soaring above 6% in the Autumn of 2022, following Kwarteng’s disastrous mini budget, fixed-rates mortgage deals are now improving. The consensus is mortgage rates will decline steadily throughout 2023 and fixed-rates mortgages could fall below 4% by 2024.

Call us on 01727 845500 if your mortgage deal is renewing in 2023

If you are among one of the many households facing a mortgage renewal this year, it is vital to have a plan, especially as fixed-rates mortgage rates continue to fluctuate, and you will want to get the best mortgage deal. We recommend you contact your local Lonsdale mortgage broker to check what deals are available.  Remember if you lock into a deal now the mortgage lender will normally honour it for up to six months which gives you more options.  We can review the mortgage market and lock in at the current rates, but if rates fall in the next few months, we can sort you a better deal nearer the time of your mortgage renewal.

Check the mortgage market before remortgaging with your current mortgage lender

We often get calls from clients who are about to remortgage with their current mortgage lender, but we always advise them to do a thorough check of the mortgage market first.  It is always easier to remortgage through your existing lender, but you could save a considerable amount of money each month if you change your mortgage lender and take out a different product with a lower charge.  

Understand your remortgaging options

Equally, if your personal or financial circumstances have changed recently, you may want to consider remortgaging.  If your salary has increased and you can now overpay, you could save money by switching to a mortgage product that enables you to do this. Alternatively, if you want to borrow more money on your mortgage and your existing lender cannot offer this, it is worth reviewing the mortgage market and discussing with a mortgage broker your remortgage options. 

Speak to a Mortgage Broker now – call our mortgage helpline on 01727 845500

Amy Kadir, Lonsdale Mortgage broker in St Albans, Hertfordshire said:

‘At Lonsdale Mortgages, we offer mortgage advice, and we will help you and your family find the best mortgage deal for your personal circumstances. Lonsdale mortgage brokers can review the mortgage market quickly and compare products from a variety of mortgage lenders, so you will always be satisfied that you have the most appropriate mortgage deal.  Our mortgage brokers offer expert mortgage advice, saving you time and money.  Our local St Albans, Lichfield and Chippenham mortgage advisors work with homeowners who want to remortgage. We offer professional mortgage advice for first time buyers, anyone moving house and buy-to let investors. Call our mortgage broking team now for expert mortgage advice and to discuss which mortgage deal would suit your circumstances.  

In Summary:

If you are due to remortgage this year, give our Lonsdale Mortgages broking team a call on 01727 845500. Alternatively, you can complete a booking consultation form on our website for our St Albans, Lichfield, or Chippenham office, and a local mortgage broker will call you back. 

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

 

 

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