What is the Mortgage Charter and what help does it offer borrowers? 🆘
#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
Interest rates are at the highest they’ve been for 15 years, as the Bank of England (BoE) continues to increase the Base Rate to try to combat stubbornly high inflation. And this has led to increasingly higher costs of mortgages, and the fixed rates offered to borrowers.
This means that those taking out mortgages for the first time, or those coming to the end of their fixed-rate term, are now facing much higher rates compared to the historic lows we’ve seen since 2008.
So... What is the Mortgage Charter and what help does it offer borrowers? 🤔
The Mortgage Charter is designed to offer some consistent and clear options to people who are struggling with their mortgage repayments. And for those anxious about the impact of an increase in monthly payments when their existing fixed-rate deal ends.
📩 For information on the titles below, please read Rightmove's detailed article in full by clicking here 📩
🔹 Why has the Mortgage Charter been introduced?
🔹 What help can I get if I can’t pay my mortgage?
🔹 Check monthly repayments using our Mortgage Charter calculator
🔹 My fixed-rate deal ends soon – is there any help available?
If you would like us to put you in touch with the right mortgage broker for the BEST advice, email Sam (sam.barker@cavendishproperty.co.uk) and he'll get you connected.
📸 Sam Barker, Operations Director at Cavendish Residential 📸
☎📧🗨
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#CAVENDISHEXPERTS! The logical choice for Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 06566 | www.cavendishproperty.co.uk
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