A mortgage is the most significant financial commitment we make. With this in mind, you may wish to seek financial advice on a more regular basis. If you are considering your options less than once a year, you could be missing out on the best deals and losing out on hundreds or thousands of pounds.
Regular reviews can slip to the bottom of the list because we may think we had gotten a good deal at the time. Financial help is available to help take the strain out of your mortgage review. The best mortgage adviser Bristol can offer will provide guidance and assist the process.
Keep an eye out for better mortgage deals. New deals come out often and it might make sense to remortgage before you arrive at your renewal date. As a bare minimum, aim to review your mortgage at these three key times:
When interest rates change, look at how this affects whether your current deal remains competitive.
Your current deal may be fixed for a certain number of years. It is likely to increase so review a couple of months in advance.
Assuming your current deal does not have any penalties for early repayment, check once a year to see if the deal holds up against any new deals that have appeared. Why not contact your local financial adviser?
You may be surprised by how much you can save so set an annual reminder to contact your IFA and make sure not to miss out. Find an independent financial adviser and let them help.
If you would like to learn more – the team here at Hartsfield can help.
Financial help isn’t far away.
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