SFIA Mortgage Services
With so many building societies and banks competing for your mortgage business, you might easily be forgiven for thinking this is something you can arrange for yourself and of course, you could try to do so.
But the very wide range of lenders offering a wide variety of loans with such contrasting terms are the very things that make it so difficult for most borrowers to discover what is likely to be the most suitable mortgage for them.
Should you go for a fixed-rate or capped mortgage, a tracker or a flexible mortgage, a cashback or an offset deal? The problem facing most people is what at first appears to be a good rate often carries unexpected costs, such as a larger than usual arrangement fee, or penalties that apply should you wish to repay the mortgage early.
In some cases, repaying part of the loan at the wrong time of the year means you are wasting money, you will receive no benefit in terms of lower interest costs until the end of the year.
|