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Answering common questions about mortgages and property

standard variable rate

Moving House and Slipping onto Standard Variable Rate can be financially painful – don’t get caught out.

Moving house and slipping onto standard variable rate during the transition means people  unnecessarily end-up paying too much for their mortgage borrowing. It’s a common scenario where during the house moving process someone’s existing fixed rate mortgage product expires but their current property isn’t sold and the new one isn’t purchased. People end-up paying hundreds of pounds ... Read more

WHAT TO DO WHEN YOUR FIXED-RATE MORTGAGE DEAL COMES TO AN END

What to do when your fixed rate mortgage deal comes to an end. A fixed-rate deal means that the interest rate and your monthly mortgage repayment remains unchanged for an agreed number of years. If the fixed-rate period on your mortgage is about to end, this is when taking professional advice will help you make the right choice for your circumstances. Reviewing your options When a fixed-rat... Read more

What’s the benefit of a ‘fixed rate’ mortgage product?

A fixed rate is an interest rate that is predetermined up front by the mortgage lender and is fixed for either 2, 3, 5 or 10 years (most commonly 2 or 5 years). The benefit of a fixed rate mortgage is that it won’t change during the period it is fixed so you know exactly how much you will be paying back to the lender every month by way of mortgage repayments. Your home maybe repossessed if yo... Read more

My Fixed Rate Mortgage Product Expires Soon – Do I Need To Act?

YES - If you'd like to potentially reduce your monthly mortgage repayments. YES - If you don't want to slip onto a more expensive standard variable interest rate. YES - If you'd like to see if there is a lower interest rate available from another lender. Wouldn't it be just great to get the same thing but pay less? It's called shopping around and you do it with car insurance, wit... Read more

Mortgage Advice Eastleigh

Mortgage Advice Eastleigh

Mortgage Advice Eastleigh The brokers at Ask About Mortgages are very familiar with the old railway town of Eastleigh. Director and broker, Matthew Southey previously worked managing an estate agency for a corporate chain in Market Street and has experience with property in both the mid and high end markets. He's also spent leisure time both coaching and playing for Stoneham Rugby Club at the U... Read more