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Navigating the Surge: Your Guide to the Mortgage Market.

As Ascendis Business Services Ltd, we are here to help you ascend the heights of your financial aspirations.

We understand the dynamic interplay between different financial sectors, and how vital it is for our clients to comprehend them as well. That’s why this month, we’re bringing you an insightful update on the recent happenings in the mortgage market.

Given the current economic climate, it’s never been more critical to have an expert guide. This is where a whole-of-market mortgage broker can make all the difference, even if it means incurring advice fees.

With access to a diverse range of lenders and mortgage products, as well as a deep understanding of the market, a broker is the North Star you need in these turbulent times.

For this reason, we’ve invited Heather Lewis, Managing Director of North Star Mortgage & Financial Services Ltd, to give us her expert view on the recent changes in the mortgage landscape.

Remember, with North Star, ‘Let Us Guide You…’ is not just a strapline; it’s a commitment to delivering you the best service possible.

Over to you, Heather:

The landscape presents a complex tapestry for mortgages, with the Bank of England’s rate hike in June from 4.5 per cent to 5 per cent catalysing an upward surge in swap rates, and a further increase confirmed yesterday taking it up to 5.25 per cent.

This surge has led lenders to reprice their fixed mortgage rates, resulting in an impact on both new and existing borrowers.

Major lenders like HSBC, Santander, Halifax, and TSB have all increased selected fixed rates more than once for new borrowers.

For our business owners and company directors, rising interest rates mean increased borrowing costs, which could strain your personal and business finances. It’s at this juncture that the guidance of a competent mortgage broker becomes invaluable.

As brokers, we have an arsenal of strategies to help you navigate these market complexities. We can guide you on leveraging business profits, retained earnings, or dividends to maximise your borrowing potential.

For self-employed professionals, we can advise on how best to use your accounts to prove your income.

When costs rise, as they are now, brokers can offer alternative strategies to navigate the market, helping you secure a deal that suits your needs while minimizing costs.

Our insights into market trends can help you understand the best times to lock in a mortgage or when it might be worth waiting.

In conclusion, the current mortgage market may seem daunting, particularly for business owners, company directors, and the self-employed.

However, remember that North Star Mortgage & Financial Services Ltd is here to guide you. Regardless of the advice fees, the potential savings, and the assurance of securing a mortgage deal that suits your circumstances can far outweigh the costs.

Don’t let the current mortgage market changes disrupt your dreams of homeownership or property investment. Let us guide you through the hills of rising rates and onto the smooth plains of a mortgage deal tailored to your needs.

Let Us Guide You

Thanks, Heather, for this insightful breakdown. We at Ascendis echo Heather’s sentiments. In a time of increased costs and market turbulence, enlisting the expertise of a mortgage broker is an investment that can yield dividends in the long term.

Whether you’re a business owner, company director, or self-employed, we’re here to help you navigate the mortgage market with confidence.

Together with our partners at North Star, we’re ready to guide you every step of the way. Get in touch with us to start your journey today.

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