“Thanks to the challenges these tough financial times have created, most of us are now worse off financially than we were 12 months ago. With so many businesses suffering, whether you’re a company director, a sole trader or an employee, your income could well have been affected. Such a difficult situation is the perfect time to review your mortgage to make sure you’re making the most of the products available, and to possibly reorganise your finances to reduce your monthly outgoings.”
But Paul said it was vital to seek professional help from independent advisors to ensure you had access to the entire mortgage market, rather than just products tied-in to individual lenders.
“The market is changing almost on a daily basis, and the best rate today will not necessarily be the best rate by next week. Mortgage advisors are required to keep up-to-date with all the changes, saving you valuable research time, and they will also find the deal that best suits your particular needs. They will also look at the bigger picture of your finances, helping you to undertake a full budget planning process, to identify areas where savings could be made.
“So don’t ignore these increasingly tough times – uncertainty is inevitable given the current financial climate, but reviewing your circumstances will let you know exactly where you stand, and could save you money.”
PMK Mortgages (www.pmkmortgages.co.uk) offers independent mortgage advice for a wide range of clients across the county and beyond.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. PMK Mortgage Solutions LLP is an appointed representative of Mortgage Broking Services Limited, which is authorised and regulated by the Financial Services Authority FSA No: 306012. We also provide advice on non-regulated products which are not authorised by Mortgage Broking Services Limited.