{"id":5427,"date":"2022-04-22T10:26:25","date_gmt":"2022-04-22T09:26:25","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=5427"},"modified":"2022-04-22T10:26:29","modified_gmt":"2022-04-22T09:26:29","slug":"as-life-changes-your-mortgage-should-too","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2022\/04\/22\/as-life-changes-your-mortgage-should-too\/","title":{"rendered":"As life changes your mortgage should too"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>The cost of\nliving has shot up in recent months, with inflation expected to reach a peak of\n8.7% in Q4<sup>1<\/sup> and many families facing a significant hike on their\nannual energy bills from April.<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>With finances\nsqueezed, every penny counts \u2013 so it\u2019s important to consider all the options\nfor streamlining your outgoings. If you\u2019re reaching the end of your current\nmortgage term, taking the time to explore whether more favourable rates are\navailable could really pay.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Paying over\nthe odds?<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>If your\nmortgage deal has expired and you are on your lender\u2019s Standard Variable Rate\n(SVR), it is likely you\u2019ll already have been hit by recent increases to the\nBank of England base rate. SVRs are typically higher than those offered by\navailable deals and fluctuate as interest rates rise and fall. Switching to a\nfixed rate mortgage deal instead could both save you money and make budgeting\neasier, as you\u2019ll know exactly what is going out each month.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Time for a\nreview?<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>While you can\nswitch your mortgage at any time, you may face early repayment charges (ERCs).\nEven if your current mortgage deal hasn\u2019t quite expired, however, you could start\nthe remortgaging process up to six months beforehand. Many lenders will permit\nyou to lock into a new deal in advance, so starting early will give you the\ntime you need to assess your available options. That\u2019s where we can help \u2013 we\ncan scour the market for the most suitable mortgage finance for your\ncircumstances.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>OBR, 2022<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>As a mortgage is secured against your home or property,\nit could be repossessed if you do not keep up mortgage repayments. Equity\nrelease may require a lifetime mortgage or a home reversion plan. To understand\nthe features and risks, ask for a personalised illustration.<\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The cost of living has shot up in recent months, with inflation expected to reach a peak of 8.7% in Q41 and many families facing a significant hike on their annual energy bills from April. With finances squeezed, every penny counts \u2013 so it\u2019s important to consider all the options for streamlining your outgoings. If [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":5428,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,91],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/5427"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=5427"}],"version-history":[{"count":3,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/5427\/revisions"}],"predecessor-version":[{"id":5431,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/5427\/revisions\/5431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media\/5428"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=5427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=5427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=5427"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=5427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}