Mark Hayman at Amac Mortgages Ltd

Maybe the tide is turning? A new 5 year fixed rate offered by Santander was launched yesterday under 5%! It will be interesting to see how other lenders react this week but hopefully this is a positive sign of things stabilising and lender confidence coming back in the market.

The Bank England have made the right decision (in my opinion) to keep the Base Rate of Lending at 5.25% following tbe previous 14 Base Rate rises since December 2021.

This follows after the drop in the inflation rate currently resting at 6.7%.

I am sure we can all breath a sigh of relief as many of us are already feeling the ‘cost of living’ pinch.

This is brighter news to those coming off a fixed rate or thinking of making a ‘next step’ to move or to buy.

As an independent broker, not only can I take care of getting you on to a new rate with your current lender but I can compare this to the ‘open market options’ available to you.

Many lenders have already reacted throughout the last few weeks with reductions to their interest rate offerings and if you would like to know more and if can get you a better deal then please get in touch.

You can email me - [email protected]
Or call 01202 937444 and they will put you through to me.
Or via mobile 07930 601177

I thought I’d just add a little detail about myself….I live in Felpham and have been married to Kim for nearly 29 years and have 3 grown up boys. I am lucky to have great family and friends around me and love socialising with them. I try to keep fit when I’m not suffering with an injury from ‘trying to keep fit’! I have a passion for cars and probably spend too much money on them but can’t help myself.
With regards to my work life then I have been in financial services all my working life since leaving school in 1987 and joining Lloyd Bank in Arundel (now The Burger Shop Co.)
I started specialising in mortgages/life assurance in 2006 and worked for a few mortgage lenders and broker firms for a number of years before becoming an Independent Mortgage Broker some 12 years ago with Amac Mortgages Ltd. I offer independent advice and can assist in all your mortgage needs including life assurance/income protection needs. I can also assist with Buy to Let/Portfolio clients and commercial mortgages having links with many banks and specialist lenders. I have been fortunate enough to have built my business on referrals and recommendations and strive to go the extra mile for all of my clients. If you would like to discuss your requirements then please drop me a line or call 01202937444 and ask for me.

With the uncertainty of mortgage rates you might think it’s better to settle for what ever the best deal your current mortgage lender offers you, however it might be worth reviewing the market and comparing re-mortgage rates on offer by other lenders. Most re-mortgage deals offer a free valuation of your property and free legal work. As a result a re-mortgage should cost you no more than simply switching rates with your current lender and you might get a better deal to boot!
This can also be an opportunity to borrow more if needed or even review your mortgage term.
If you want to chat through your options please get in touch.
Message me or call the office number 01202937444 and they will put you through!

For anyone worried about their current mortgage rate ending in the next 6 months and unsure what their options are, please get in touch!

Whether you stay with your current lender on a new deal or want to switch to a new lender, I can help.

For Independent advice you can reach me via email - [email protected] or call the head office number - 01202 937444 and they can put you through to me, I’d be delighted to hear from you.

With another Base Rate rise announced today of 0.5% taking the Bank of Englands Base Rate to 4.0% you may be worried about your mortgage costs. If you would like to chat this through and your possible options then for independent advice please get in touch. Email me on [email protected]

If anyone is concerned about dropping off their fixed rate mortgage in the coming months and want to know their options, please get in touch.

I just wanted to reach out to all the prospective buyers out there with a 5% deposit hoping to secure a mortgage as the lockdown eases. Please hang on in there. It is true that many lenders have withdrawn their products at 95% in an attempt to protect you and their money in an uncertain time, however one thing I am sure of, after 25 years or more in the industry, is that the good times will return.
On a positive note, If the level of new mortgage enquiries I have seen this past week are anything to go by then mortgage lenders will soon have to react to the demand.
Keep safe!

K

How are you all coping?

It is odd how the ‘not normal’ suddenly becomes the ‘normal’. We have all had to make some massive adjustments to our daily routines and it looks like things are not set to change anytime soon.

I just wanted to let you know that as far as the ‘mortgage world’ is concerned there has been some significant shifts in how business is being conducted by lenders mostly around new business processing times and of course ‘valuations’. However rates have never been better so it is still a great time to secure a new deal.

If you are unsure of what is currently possible, be that a new mortgage to buy a house or a re-mortgage as your current deal is coming to its rate expiry then just get in touch.

In addition, If you are seeking some advise on life assurance protection, please get in touch.

Please all keep safe and well and from my point of view it is still business as normal, or should I say, ‘the new normal’.

I do not wish to capitalise on bad news, I really don’t. I hope that good news will filter through the press in due course as we all take precautions and fight against this horrible virus, however if this period has given cause for reflection and the ‘what if’ questions then I would be happy to offer illustrations for life assurance to include serious illness cover and income protection. Simply DM me.

I have recently had a flurry of enquiries from clients, new and existing that want me to quote them for life cover and in particular, serious/critical illness cover. I think, although I cannot be sure, this might be attributed to all the news we are hearing daily regarding the Coronavirus. Whilst the death rates are relative minimal (thank goodness) we all realise that we are not invincible and are all susceptible to these things and this makes us feel a little vulnerable.
If you have been thinking about life cover or ensuring that you and your family would be financially secure in the event of a death or serious/critical illness why not drop me a line or give me call, I would delighted to have chat to see how I can help.

Mark Hayman at Amac Mortgages Ltd updated their business hours.

Mark Hayman at Amac Mortgages Ltd updated their website address.