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24
NOV
2015

The hidden cost of record-low mortgage rates

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roofsThis article – The hidden cost of record-low mortgage rates  – is very true and at MortgageAbility we always contact our client near the end of a scheme term to advise about the options available.

However, some lenders will always want to establish that their client’s current situation meets the lenders latest lending criteria before allowing the client to move away from SVR onto a more attractive scheme.

Unfortunately, some borrowers do not, and even though they have managed their mortgages perfectly well, they become marooned on SVR.

We can help.

 

  • YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
    Whilst MortgageAbility does not charge for mortgage advice, please note that there will be an administration fee for arranging mortgages. The precise amount will depend upon your circumstances but we estimate it will be £395, payable on completion. MortgageAbility gives you the option to pay a non-refundable fee of 1% of the mortgage loan payable with the application. If this option is taken, MortgageAbility will refund any commission received from the lender.