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Are you worried about meeting your mortgage payments?
A survey published by the Financial Services Authority (FSA) on 3 March 2008 has shown that one in five mortgage holders are concerned about meeting their repayments in the next 12 months. About a quarter of the respondents when asked how they would meet these costs, said that they had no plans in place to do so.
With an estimated 1.4 million short-term fixed rate mortgages due to end in 2008, it is vital for these mortgage holders to start planning how they are going to make informed financial decisions and find the right mortgage deals when there current deal expires.
If you are worried about your own mortgage payments, there are three steps you can take straight away.
- Check your budget - think about how you would cope if your mortgage payments were to rise at the end of your existing fixed rate deal.
- Start planning now - talk to your existing lender to see what mortgage deal they can offer you once your existing deal expires. Or you can talk to TMP Mortgage Zone who provide a whole of market service and can provide you with access to thousands of products from all the well known high street and specialist lenders. And if in our opinion one of the best options for you is to stay with your existing mortgage lender we will tell you so at no extra cost.
- If you are already behind in your payments - don't panic. Talk to your existing lender and/or get free confidential help from an independent debt advice agency. If you need to remortgage, TMP Mortgage Zone can help you reduce your monthly payments by providing you with access to thousands of products from all the well known high street and specialist lenders. And if in our opinion one of the best options for you is to stay with your existing mortgage lender we will tell you so at no extra cost.
So if you are concerned about meeting your mortgage payments in the future, or your fixed rate deal is coming to an end in 2008, contact TMP Mortgage Zone today.
[ 15-03-2008 ]
