Despite volatility in the mortgage market caused by last year’s mini Budget, interest in mortgages has remained stable. While high inflation and the Bank of England’s decision to continue to increase the base rate could serve to dampen this level of activity this year, there are still a high number of products expected to mature.
As such, thousands of mortgage clients will need to conduct a product transfer or remortgage over the months ahead.
With many facing the prospect of higher mortgage rates and, in some cases, worsened affordability since they last took out a mortgage product of any kind, making the right choice between a product transfer or a remortgage could be a far more difficult decision. The vast majority need the support and guidance from advisers.