Are rates going up? Is it time to Re-mortgage?

With the Bank of England base rate standing at an all-time low it may be time to take a closer look at your mortgage. Are you one of the many on a standard variable rate? If you are not sure now is the time to check, and if you are, it could be wise to consider moving your mortgage to a fixed rate deal. Why are we suggesting you re-mortgage? With the base rate so low, financial industry commentators are quite certain of the likelihood of a rise in interest rates very soon – perhaps as soon as early 2016 – so you need to protect yourself against this eventuality.

What is the best way to get the right deal? The best method is to use a broker with access to a wide variety of deals and at Mortgage Advice Services we can find you a deal that is right for your circumstances. We are experts in helping people get the best remortgage rate, and we offer a free, no obligation quotation service with a simple online form to fill in as the first step. What benefit do you get from a fixed rate deal? Let’s have a look at this in a little more detail.

With a fixed rate remortgage deal you agree a set interest rate over an agreed period; no matter if interest rates rise above this you will still pay the same amount. With a sliding rate you will find that, should the interest rate go above that you are currently paying, your repayments will increase in line, and in many cases this can lead to quite a substantial increase in repayments. We can help find you a fixed rate deal in advance of the impending interest rate rise and we are more than happy to discuss your requirements in more detail.

With many satisfied clients having already used our friendly and professional service to find the best and most cost-effective mortgage deal you can rely on us to provide you with a service that is second to none. We have a team of expert advisers who are waiting to help you make sure you are not caught out by rising interest rates and are fully aware of how to go about re-mortgaging, so why not fill in the online form at www.mortgageadviceservices.co.uk, or call us right away on 01332-257-087 for a free no-obligation quote. We are here to help you save money.

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