Mortgage Interest Rate Protection
HOME OWNERS
These are unusual economic times for all home owners with a mortgage:
- The costs of borrowing are at an all time low.
- Banks’ lending rules have moved from ultra generous to ultra conservative
- Even the strongest of credit applications is not guaranteed success
- The banks have no appetite to lend particularly if you have little or no equity in your property.
In an era where credit is tight and getting tighter and where the banks are making it more and more difficult to remortgage, the RateProtect Review Service has been designed to ensure that you have access to products that allow you to minimise your exposure to the threat that a steep increase in borrowing rates would have on your family budget even if you’ve tried to remortgage and perhaps not succeeded.
A RateProtect Review may be suitable if:
- You’re enjoying great tracker or even Standard Variable Rate deals and want to guarantee an all time low rate going forward
- You’re stuck in negative equity or have very little equity making it very difficult to get a new fixed rate deal
- You have difficulty proving your income or have perhaps previously enjoyed an attractive “Self Cert” mortgage
- You have or have had adverse credit
This is not a remortgage so:
- No credit checks or scores to pass
- No restrictions on your Loan to Value
- No valuation anxieties
Our innovative solutions are designed to protect you and your family from the very real risk of rapid rises in borrowing rates. Take advantage of our mortgage interest rate insurance and lock into mortgage rates that are currently at an all time low without having to remortgage your property.
Protection comes following payment of an upfront premium which can normally be financed over a period of time.
For more information, call Geoff Cooney, our RateProtect analyst on 0800 458 3525 or email Geoff.cooney@lynfs.co.uk. No obligation, friendly expert advice.