Can A Mortgage Advisor Help Re-Evaluate My Finance?

by | Saturday 25th Nov 2017 | Mortgage Insights

As a leading mortgage adviser, it’s astonishing to see how many Britons are in the dark about their remortgaging finance options, and how many are missing out on a much better deal for their long-term financial needs.

The Monthly Connells Survey & Valuation update, released in September 2017,  found that remortgage valuations across the United Kingdom in August 2017 accounted for 37% of the overall market – the highest proportion in more than a decade. Remortgage valuations have also risen by 3% year-on-year, driven by competitive lenders looking to attract borrowers by offering lower repayment rates.

With interest rates rising this year too, there’s been a flurry of activity during recent weeks to snap up a new deal before any potential changes. In the resulting rush though, many buyers may fail to see the bigger picture that partnering with a comprehensive mortgage adviser can provide for them, and how it could help improve their overall financial situation.

A mortgage adviser is about more than low rates

It’s so important to stress as a mortgage adviser that there are so many other benefits to remortgaging than securing lower rates.

Partnering with the right mortgage adviser could help to totally rewrite your mortgage finance. This is especially pertinent when research released in October 2017, conducted by YouGov on behalf of Habito, found that almost half of Brits (47%) percieve remortgaging as just another way of taking on more debt.

Only one-in-three surveyed by YouGov felt that remortgaging was associated with getting better rates. Daniel Hegarty, CEO of Habito (who commissioned the survey) said: “Our research shows just how badly borrowers have been left in the dark about the benefits of remortgaging, leading many to pay vastly over the odds, at a time when disposable incomes are falling.”

So why are people reluctant to remortgage and work with a mortgage adviser? According to YouGov, the most common reasons why people aren’t dipping into the market and discovering better rates revolve around people not feeling they can save money, that the overall process is too complicated, stressful, and that it’s too time consuming.

Finding a better deal with a mortgage adviser in London and the South East

All of those problems and more may be negated by working alongside a mortgage adviser that puts buyers’ best interests at heart, finding them the most suitable deals and bespoke packages possible by scouring available lenders, building a long-term relationship with their clients to help improve their overall financial standing.

“Having benefited from a decade of low interest rates, consumers are sensing the risk that this era is nearing an end,” said John Bagshaw, corporate services director of Connells Survey & Valuation, in September 2017. “Remortgaging is quickly becoming the dominant activity in the lending market. The record high in August was driven by consumers seeking out better value borrowing.”

With so many incredible options for buyers to rewrite their mortgage finance with the right remortgaging package, working with a knowledgeable, personable adviser will not just help you find a brand-new deal best suited for you, but also take the stress from your shoulders while doing it.

If you’re looking to remortgage and find a better deal, Oportfolio is a mortgage adviser in London and the South East committed to working with buyers to help them find a stronger financial footing.

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

Oportfolio Ltd fees are payable on application. We charge a broker fee for property purchases of £495 and a remortgage/further advance fee of £395. Our product transfer fee is £295.

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