Borrowers who need a mortgage because they’ve finished paying their current mortgage or are buying a home should explore their options as soon as possible.
A quick mortgage finder link with This is Money’s partner L&C
> Find the right mortgage for you
What if I need a mortgage?
Compare rates, talk to a mortgage broker and be ready to take action.
Homeowners can lock in a new job six to nine months in advance, with no obligation to take it.
Most mortgage lenders can add fees to the loan and only pay when they are taken out. This means that borrowers can pay the installments without having to pay the high payment processing fees.
Remember that by doing this without canceling the payment at the end, the interest will be paid on the amount of the payment for the entire term of the loan, so this may not be the best option for all.
What if I’m buying a home?
Those who have agreed to buy a home should have their rates paid as soon as possible, so they know what their monthly payments will be.
Buyers should avoid overspending knowing that home prices are falling, as higher mortgage rates reduce a person’s borrowing capacity and purchasing power.
How to compare mortgage rates
The best way to compare mortgage rates and find the right one for you is to talk to a broker.
This Money has a long-standing relationship with free broker L&C, to provide you with free mortgage advice.
Want to see today’s best mortgage rates? Use it Cash and L&C are the main mortgage rate calculator to show deals that match your home value, mortgage size, term and fixed rate needs.
If you’re ready to find your next mortgage, why not use L&C’s online Mortgage Finder. It searches 1,000s of deals from over 90 different lenders to find the best deal for you.
> Find your best mortgage with this Cash and L&C
Be aware that rates can change quickly, however, if you need a mortgage or want to compare rates, talk to L&C as soon as possible, so they can help you find the right mortgage for you.
The mortgage service is provided by London & Country Mortgages (L&C), which is authorized and regulated by the Financial Conduct Authority (registration number: 143002). The FCA does not regulate most Buy-to-Let mortgages. Your home and property may be foreclosed upon if you fail to keep up with your mortgage payments
