(PRWEB) January 3, 2006
For homeowners who want to do up that kitchen, take that holiday, buy a new car, but think they can’t afford to…think again!
The recent increase in house values and the competitive mortgage market offer an unbeatable combination for homeowners. The market is already starting to see some fantastic re-mortgage deals and this is likely to continue a mortgage lenders look to gain early market share in 2006. That could mean lower mortgage payments, even if they take advantage of realising some of the equity tied up in their home.
Thorpe Lincoln’s Service Director, Michelle Lincoln, says that the New Year is a great time to review your mortgage to see if the rate remains competitive.
“The New Year traditionally sees some of the keenest re-mortgage deals, with lenders keen to attract new borrowers. This provides home owners with the opportunity to move their mortgage to get the very best rates. This could leave homeowners as the winners,” Michelle says.
45 per cent of the total mortgage transactions are borrowers re-mortgaging. That makes the re-mortgage market a highly competitive area for lenders to compete in.
When looking to re-mortgage, Thorpe Lincoln finds borrowers look for low rates, low fees, and free legal work. Accordingly, it is vital that the actual amount you repay for each pound borrowed is used as a key means of comparison.
“Thorpe Lincoln regularly reviews mortgage trends in order to ensure clients benefit from the very best mortgage products. The results reinforce a government survey that found 1 in 3 homeowners pay too much for their mortgage.”
Not only can borrowers minimise the cost of their mortgage, they can access additional funds for all the fun things they may want to do.
Michelle also says that she believes more borrowers are looking to mortgage consultants to ensure they really do find the right deal, whilst avoiding the usual time and hassle involved in arranging a new mortgage.
“There is a whole section of homeowners who have mortgage deals coming to an end, or would benefit financially from moving to another lender. To be able to assist home owners find a better deal, saving them time, and giving them access to rates they won’t find on the high street, whilst seeing them enjoy some of the hard earnt equity tied up in the home is exactly what Thorpe Lincoln was established for.”
About Thorpe Lincoln Mortgage Consultants
Thorpe Lincoln is a leading mortgage broker based in Plymouth. They offer a thoroughly modern way for homeowners to arrange a mortgage, without wasting time, without stress and without hassle. Thorpe Lincoln provide professional mortgage advice on, and choice of, residential mortgage products offered by all of the UK’s lending institutions; including those homeowners can’t find on the high street. Thorpe Lincoln does not have any of its own loan products, and its consultant’s advise borrowers on the most suitable mortgage for their individual needs.
More information is available at www.thorpelincoln.co.uk or via 0870 855 4140.
For further information, please contact:
Michelle Lincoln or Matthew Lincoln
Thorpe Lincoln Mortgage Consultants
0870 855 4140 / 01752 260763
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