Downton and Ali Associates
info@downtonandali.co.uk
020 3021 0075 or 020 3135 0246
If your mortgage deal is coming to an end, you’re not alone. Thousands of homeowners are fast approaching the end of their fixed terms, and for many, that brings a crucial question: is now the right time to remortgage?
After a period of rising interest rates and higher monthly costs, there are signs the mortgage market is beginning to settle. For some homeowners, that could mean welcome news. Your monthly payments may actually go down when your fixed rate ends and you explore new, more favourable deals.
According to the Bank of England, 3.6 million mortgages are set to be renegotiated over the next three years, amounting to 41% of all outstanding home loans. If you are one of those set to review your options, it’s likely you’ll have plenty of questions and may not even know where to start.
Creating financial stability for our families is about managing day-to-day expenses, putting food on the table and a roof over their heads. But it also means thinking about the future and planning for all eventualities so you can safeguard their future.
Investing in your child’s education is a top priority for many parents, but life’s unpredictability such as unexpected illness or injury could make it challenging to keep up with financial commitments such as school fees.
At first glance, things like coffee and chocolate might not seem to have much to do with mortgages. But as you might have noticed, both have become noticeably more expensive in recent months.
In the hustle and bustle of daily life, it’s easy to overlook the importance of protecting our financial security both for now and in the future.
When it comes to planning for retirement, making sure your pension contributions are on-track is important. But life can throw curveballs like illness or injury which could make it tough to keep up with contributions.
The mortgage market is shifting. Following several cuts to the Bank of England base rate – including a 0.25% cut to 4% in August – tracker mortgages are once again on the radar for borrowers remortgaging in 2025. These rate moves make trackers more appealing, but how do they stack up against other options?
Buying a new home is a huge milestone and securing a mortgage can be stressful enough on its own. Life can also get in the way, throwing you curveballs and new challenges to overcome.