If you`re concerned about how the Bank of England`s base rate changing may affect your mortgage, you`re not alone, with more than one in four homeowners feeling the same way.
The Building Societies Association (BSA) property tracker has found that 27 per cent of borrowers are worried about paying their mortgage if the rate at which many mortgage deals are calculated from increases next year. Many people opt for a fixed rate mortgage partly because the repayments will stay the same throughout the fixed period of 2 to 5 years, regardless of what happens to the base rate.
It`s not just existing homeowners who are concerned about the base rate – the survey also shows that nearly half (46 per cent) of consumers think that mortgage repayments are a barrier to buying a property in the first place.
You can get a free quotation on a mortgage or remortgage for you through a mortgage deal matched to your specific circumstances by coming to First Choice Finance, as we have access to multiple lenders and have plans to help people both with and without an impaired credit history.
Discover more at firstchoicefinance.co.uk or by calling us on 0333 003 1505 or 0800 298 3000.
Homeowner Secured Loans
Rates From 7.1% APRC
Representative Example £30,000 over 72 months @ £679.90 repayments. Total payable of £49,949. 20.1% APRC including £2,975 intermediary fee and a £995 lender fee. Loans secured on property.
First Choice are tied to certain loan providers.
Mortgages & Remortgages
Borrow £80,000 over 25 years
At 4.6% Variable, £461.95 for
300 months. Total Payable
£138,585. Total Cost Of
Credit £58,585 (incl £1360 fee).
Unsecured Personal Loans REPRESENTATIVE 49.9% APR (VARIABLE)
First Choice are tied to certain unsecured lenders.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Security is required on
Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home
First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014.
Have you got a bad credit rating or been declined finance in the past First Choice Finance have a selection of bad credit loans to suit many unique circumstance contact us and speak to one of our loan experts.