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Avoid this dread by addressing this early and putting a plan in place. We can review your mortgage 9 months in advance and action next steps from 6 months

A Key Facts Illustration is a personalised document that mortgage brokers create for you before you accept an offer of credit. It will outline the key facts of your chosen mortgage deal. Our latest video discusses what a Key Facts Illustration is and its importance in the mortgage application process: https://lnkd.in/ekHSkUUx Read our blog on Key Fact Illustrations: https://lnkd.in/eq8cnJx9 #KeyFactsIllustration #MortgageBrokers #MortgageDeal #MortgageApplication

When considering breaking your mortgage contract before its term ends, it’s essential to navigate the complex landscape of financial penalties and the array of mortgage penalty calculators available. This comprehensive guide aims to shed light on mortgage penalties, offering insight into alternatives and highlighting essential tools to help you estimate potential costs. Armed with this knowledge, you can approach the decision to break either a fixed-rate or variable-rate mortgage with confidence and clarity, potentially leading to substantial savings. https://lnkd.in/dZh6QZcu

Did you know you can make a down payment of less than 20% with a high-ratio mortgage? At The Mortgage Advisors, our competitive rates could save you significantly compared to the banks. Check out our rates:https://lnkd.in/eEaXB8GD 💬 #highratiomortgage #savemoney #mortgagerates Curious how much you could save? Reach out today to explore your best mortgage options!

When considering breaking your mortgage contract before its term ends, it’s essential to navigate the complex landscape of financial penalties and the array of mortgage penalty calculators available. This comprehensive guide aims to shed light on mortgage penalties, offering insight into alternatives and highlighting essential tools to help you estimate potential costs. Armed with this knowledge, you can approach the decision to break either a fixed-rate or variable-rate mortgage with confidence and clarity, potentially leading to substantial savings. https://lnkd.in/ezh9USGD

Tip: A higher credit score translates to better mortgage options and lower interest rates. 🙌 Prioritize paying off outstanding debts, avoiding new credit inquiries, and maintaining a low credit utilization ratio to boost your credit score before applying for a mortgage.

Decreasing the term of your mortgage allows you to clear the loan faster. You’ll also pay less interest, potentially saving thousands of pounds over the course of your mortgage. 😯 Each time you remortgage you are able to reduce the term, if the monthly payments are suitable for you. For instance, if you obtain a five-year fixed-rate mortgage for a period of 25 years then remortgage after five years, you could reduce your term from 20 years to 19,18 or even less. Doing this each time you remortgage could mean paying off your mortgage much faster 📉 Call: 01702 531782/ 01702 746600 E-mail: info@landpmortgages.com Your home may be repossessed if you do not keep up repayments on your mortgage

Can you secure a rate and then change it if rates reduce? If you've secured a fixed rate then the majority of lenders will allow you to get your case re-offered on the reduced rate if the rates do reduce. The reason why it's recommended that you actually fix something in advance of, for example, a remortgage is because if the rates do go up, then you're safe, but if they come down, then the beauty of it is you'll be able to get the reduced rate. and depending on the lender you'll be able to do this probably at least a week before you're due to complete. Your home may be repossessed if you do not keep up repayments on your mortgage.

The Mortgage Bankers Association released its Mortgage Application Data for the week ending 12/15. The data shows that overall application volume decreased by 1.8%. While applications to purchase a home were down 1% for the week and down 18% year over year, refinances decreased by 2% from the previous week and were 18% higher than one year ago. However, we can expect to see an improvement in these numbers as rates continue to drop!

It’s the question every remortgage customer asks - will rates go down? Should I hold off a bit longer before doing my new mortgage application?
 The answer is... with L&C, it doesn’t matter!

 If you lock in your new mortgage deal now and rates go up, you’ll be feeling smug that you beat the rate rises.

 If you lock in and rates go down, our Rate Check promise means you can ask your adviser to check the market again. If there’s a better deal available and it makes sense to switch you to it, we’ll make it happen!

 So don’t leave it up to chance, get in touch with L&C today to lock in your best deal: https://bit.ly/3xuHV6z

 Your property may be repossessed if you don’t keep up with repayments on your mortgage. #MortgageAdvice #MortgageBrokers #MortgageRates