Why Upfront Rates Don’t Tell the Whole Story

Why Upfront Rates Don’t Tell the Whole Story

It’s common for clients to ask about the mortgage rates we can secure for them even before sharing their details. While understandable, this approach might not lead to the best outcome for you.

No adviser can responsibly quote rates without assessing your unique circumstances. Advisers who share rates upfront are often using generic figures to win your business, which may not apply to your situation. This can lead to disappointment or unexpected costs later.

Continue reading

Volatile Market: Why Acting on Your Mortgage Now is Crucial

Mortgage Now is Crucial

The way lenders price the fixed rates they offer for new business is based on SWAP rates, which are driven by market conditions and sentiment. This makes mortgage rates inherently volatile, especially when SWAP rates change drastically.

Volatility in mortgage rates is not uncommon in the UK. While neither clients nor advisers can control the market, understanding what you can do in such a market is key to protecting yourself from rate fluctuations.

Continue reading