THE CURRENT MORTGAGE MARKET
The start of 2024 has brought a
wave of optimism to the UK housing
market. Rightmove reported a 1.3%
increase in average home prices from
December to January, marking the
most significant rise for this period
since 2020. Additionally, the number
of agreed sales in the first week of
January surged by 20% compared to
last year.
YOUR MORTGAGE MATCHMAKER
Put yourself in the shoes of first-time
buyers navigating the mortgage market.
Overwhelmed by the various options,
they turn to a mortgage adviser. The
adviser doesn’t just find them a deal
at an excellent rate, but also explains
the long-term implications of their
choice.
Mortgage advisers go beyond the role
of financial experts; they are friendly
strategic partners on your mortgage
journey. They dig into the intricacies
of the market, providing bespoke
advice tailored to your unique financial
situation.
BENEFITS OF WORKING WITH A
MORTGAGE ADVISER
Partnering with a mortgage adviser
offers many advantages. Their expertise
and guidance can be invaluable in
finding the right mortgage deal. Here
are some key benefits:
- Expert Market Insights: Advisers
have extensive knowledge of the
mortgage market, providing clients
with up-to-date information and
insights. - Tailored Mortgage Solutions: Just
as a matchmaker understands their
client’s needs, mortgage advisers
recommend mortgage solutions
that align with your financial goals. - Exclusive Mortgage Offers: Advisers
often have access to exclusive
mortgage deals not available to the
general public, potentially offering
better rates and terms. - Navigational Ease: The mortgage
application process can be both
complex and daunting. Advisers can
simplify this journey, saving their
clients both time and stress. - Comprehensive Financial Analysis:
Advisers conduct thorough financial
analysis, considering various aspects
such as income, expenses, future
plans, and potential risks. Ensuring
their recommendations align with
your unique circumstances. - Advocacy and Negotiation: Advisers
act as advocates for their clients,
negotiating with lenders to secure
the most favourable mortgage
terms. - Long-Term Relationship and
Support: Beyond securing a
mortgage, advisers often maintain a
long-term relationship with clients,
providing ongoing support and
advice for future financial decisions. - Risk Management: Advisers help
clients understand and manage the
risks associated with mortgages,
ensuring informed decision-making. - Regulatory Compliance and
Understanding: They ensure that
all mortgage applications comply
with current regulations, protecting
clients from potential legal issues.
In a constantly evolving market, the
support and guidance of a qualified
mortgage adviser will help you make
informed and sensible mortgage
decisions and establish a secure
financial future. Get in touch if you
would like tailored advice from a
‘Mortgage Matchmaker’.
SOURCE DATA:
[1] Reuters – UK housing market gains
momentum at start of 2024: Rightmove.
[2] UK Finance – Mortgage lending to fall
in 2024.
[3] Business Insider – Will mortgage
rates go down in 2024?
Image -Pixabay
