Key solutions Mortgages

Key Solutions Mortgages | The recent rate rise was a timely reminder that the current very low interest rates are unlikely to last forever. Although the Bank of England predicts that further interest rate rises are likely to be small incremental steps, it makes sense to review your household expenditure now, to ensure you’ve budgeted for an increase in costs such as  mortgage  repayments. Key Solutions Mortgages Many homeowners have already taken advantage of competitive 2, 3, and 5-year fixed rate deals. Unsurprisingly, this type of deal made up 90% of mortgages taken out in the first quarter of the year. If your current deal is coming to an end, or it’s been in place for a while, this could be a good time to review your mortgage. Your home may be repossessed if you do not keep up repayments on your mortgage. For More Information Visit Here…   Key Solutions Mortgages

Key Solutions Mortgages  | With the COVID-19 outbreak impacting every area of our lives, it’s understandable that many of us are more anxious than normal. One way to improve your mental wellbeing is to sort out your finances. In a survey, 45% of people said that money is a major cause of stress, rising to 66% among those with no savings or investments to fall back on. So, reviewing your finances and speaking with a highly recommended Bournemouth Mortgage Broker is an excellent way to reduce stress levels during these difficult times. The perfect time to remortgage? For many people, their mortgage is their biggest monthly outgoing, so it could pay to see if there’s a cheaper deal out there – especially given recent events. On 11 March, the Bank of England slashed its base rate from 0.75% to 0.25% as an emergency measure to limit the economic shock caused by the COVID-19 outbreak. Shortly afterwards, it cut the base rate again to a record low of 0.1%. Banks withdraw mortgage prod