Many people have a mortgage at some point during their lives, but how many of us consider whether or not the mortgage which we may have held for many years is still appropriate for our circumstances and the most cost effective.
We are keen to provide you with the answers to some of the mortgage questions you may have and to assess your existing Mortgage to see if you could improve upon your current arrangement. It may be that you are new to the world of Mortgages and buying your first home, or require a reminder as to what is involved with Mortgages if you plan to buy a second property or are thinking of moving home. Whatever you wish to know, simply ask!
The area of protection covers a multitude of different things. People will often protect their Mortgage repayments, their income in the event of redundancy or their lives in the event of death. Yet few think about protecting their income in the event of ill-health or long term sickness.
This is another area we are frequently discussing with clients.
Failure to repay your Mortgage repayments, long-term ill-health or worse still death can often have worrying, even devastating effects, not only for you but for others around you. Make sure you are aware of how to protect, and how much it costs to protect those unfortunate events in life.
Your home may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you re-mortgage.