Today, HSBC have launched a 7 year fixed rate mortgage at 4.89%. The length of the fixed rate is its virtue and also its vice. You are buying an extended guarantee but giving up on flexibility, as your circumstances will almost certainly change. I understand that the mortgage is portable but the length of the fix could be longer than most first times buyer’s relationships. As normal there is a redemption penalty to break the contract with in the first 7 years.
Why use Neil Soundy Financial for advice on your mortgage in Cardiff?
We will give you expert impartial advice on the mortgage market.
View the video on our homepage that explains how we can offer at least twice the choice of mortgages compared to a standard mortgage broker.
How Much Will It Cost Me For Your Advice?
A fee of £495 is payable on completion of the mortgage and Neil Soundy Financial Services Ltd will keep the commission received from the lender for arranging the mortgage.
Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Financial Conduct Authority does not regulate some forms of buy-to-lets.
We do not give or imply legal or taxation advice. We recommend you contact a solicitor or accountant for advice in these areas.
Think carefully before securing other debts against your home/property. Your home/property may be repossessed if you do not keep up repayments on your mortgage.
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We can discuss your current situation and the options available to you before arranging a free no-obligation meeting.