Article by Asmi and Calum, Mortgage Advisors, Excaliber Associates – 01752 340183
Pandemic, inflation and conflict. 2022 is shaping up to be another challenging year for us all, with the cost of living climbing, you may be worried: so where does this put you?
We’re already feeling a squeeze on the market. With the cost of energy having risen, and set to rise further in April, this only adds to the inflation that impacts upon us all. This is no different to the mortgage market, where we have already seen slight increases in the base rate of interest, with the expectation of further rises in the coming year to combat its effect.
With 2022 set to be the year of the remortgage, even by conservative estimates, now is the time to assess your finances to meet the coming year head on. Beat the rising rates, lower your rising costs.
The time to seek independent financial advice is now, not only to save on one of your largest burdens, but to protect yourself against any future changes.
Excaliber Associates mortgage team welcome calls from SWLA members with mortgage queries.