Ipswich Financial Adviser

There can be some very attractive interest rates available for mortgages at the present time, however, watch out for a possible sting in the tail!

When comparing mortgages you not only need to consider the interest rate that you will be charged, but also the other fees that are attached to it. There are arrangement/booking fees, legal fees, valuation fees and telegraphic transfer fees. You must consider all these as a total cost to see if the interest rate on offer is actually as good as it looks.

It can often be the case that it is better to pay a slightly higher interest rate, which comes with lower fees, than to go for the cheapest interest rate  and pay the higher setting up costs. When comparing the costs OVERALL the higher interest rate could be CHEAPER.

Without an accurate and professional review of all products, interest rates, options and charges on mortgages, you could pay more for your mortgage than you need to.

If you require any help or advice on mortgages then please feel free to contact us at Thompson Financial Consulting

Your home may be repossessed if you do not keep up repayments as your mortgage.