Quality Mortgage Advice
Posted on 31st May 2023 at 14:20
It’s never been more important to seek quality mortgage advice…
The choice of mortgage products has shrunk by almost 400 since the start of last week, according to various financial data sources.
‘On Monday, May 22, 5,385 fixed and variable rate mortgage products were counted by moneyfactscompare.co.uk, but by Tuesday May 30 the total had fallen to 5,012.’
Some lenders have withdrawn a selection of their fixed mortgage products, however some have removed their whole fixed rate range, at least temporarily. On a more positive note, the range of mortgage deals out there are still more than double the choice available in October 2022 following the mini-budget.
According to moneyfactscompare.co.uk, the average two-year fixed-rate mortgage has risen from 5.34% last week to 5.38% this week. The average five-year fixed-rate mortgage on the market has increased from 5.01% to 5.05% per cent over the same period.
Lenders are having to reassess their current propositions due to the ongoing concern surrounding potential future interest rate increases.
How Can Dragonfly Financial Services Ltd Help?
There is no doubt that everything is getting more expensive and it’s vital that consumers seek quality advice from a trusted mortgage broker/ mortgage adviser to find a mortgage deal that suits their individual circumstances.
A mortgage adviser can meet with you to discuss your current situation and your mortgage requirements and aspirations. By working with an independent adviser, research will be carried out to scan the whole of the mortgage market to find the most suitable mortgage product.
Working with clients from across the UK, our mortgage advisers based in Doncaster have over 80 years of combined experience to offer you. Meetings are available over the phone, via MS Teams or face-to-face if required.
Contact Us Today
Tagged as: Quality Mortgage Advice
Share this post: