Ipswich Financial Adviser

When you are looking for the best mortgage deal, it is often forgotten that you need to look at the Standard Variable Rate that you will go on to once your initial interest rate deal comes to an end.

As it is more difficult to find mortgage deals at the present time, many people are remaining on their lenders Standard Variable Rate and so it is important to make sure that this is as competitive as possible.

Lenders Standard Variable Rate can range from 2.5% to 5.5%, with others higher depending on how good your credit rating is.

With such a large difference in this type of rate, it is important to make sure this is reviewed at the time of taking out your mortgage.  It is always important to check all the terms of a mortgage, not just the headline rate that you will pay to start with.

If you need any help or advice in organising the best mortgage for your circumstances, then please contact Thompson Financial Consulting and we will be happy to help.

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