Do You Know When Your Mortgage Deal Ends?

Rowena — Tue, 09 Mar 2010 08:37:07 +0000

According to research by reputable mortgage advisors John Charcol, approximately 28% of the UK population are unaware of the size or length of their mortgage rates – a statistic which many property advisors feel may be even higher…

Continuing on this research, mortgage advisor Ray Boulger has divulged that a further 50% of property investors do not know their own interest rate or even when their existing LTV deal is coming to an end.

And if this study is to be taken seriously, then this is a worrying revelation…

Unaware of the ins and outs of their mortgage deal, many property investors could be at risk of missing out on the best mortgage deals on the property market because they simply don’t know any better.

Worse still, by not taking the time to acquire this property knowledge property investors won’t even know when is the best time to upgrade their mortgage to a more profitable monthly solution.

Currently such property knowledge is made available when homeowners close their mortgage deal with their lender; however taking these statistics into consideration, it is obvious that many homeowners are quickly dismissing this documentation once the deal is completed…

Landlord Basics » mortgage advisors

Do You Know When Your Mortgage Deal Ends?