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For nearly two decades, Davenport Thomas’s highly experienced team has worked closely with numerous accountancy practices to support their clients with a wide range of financial planning needs.

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Are you prepared for a new mortgage deal?

27th Feb 2024
Brought to you by
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For nearly two decades, Davenport Thomas’s highly experienced team has worked closely with numerous accountancy practices to support their clients with a wide range of financial planning needs.

Save content
Have you found this content useful? Use the button above to save it to your profile.

Are you bracing yourself for a payment shock when your current mortgage deal ends? Or do you have clients that are in this position? If so, you’re not alone – up to 1.5 million households are expected to reach the end of cheaper fixed mortgage deals in 2024 – this represents an increase in annual housing costs of about £1,800 for the typical family, according to the Resolution Foundation thinktank.  (source: The Resolution Foundation 29.12.23)

Are you prepared for a new mortgage deal? | Davenport Thomas | Remortgage concept. Memo stick, calculator and money.
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Why not speak to us, sooner rather than later, even if your mortgage deal isn't due to expire for a while. If your fixed deal is coming to an end within the next six months, we may be able to reserve a new deal for you now and you won’t have to commit to it. So, if mortgage rates fall, you can drop that deal without being charged and we can search for a new one. On the other hand, if rates rise, then you have already bagged yourself a better deal. Locking in a deal before your current one expires also means that you won’t risk rolling on to your lender’s costly standard variable rate (SVR).

 

Why we’re different

We’re ‘whole-of-market’ advisers – this gives us (and you!) a massive benefit as we’re not tied to one lender or limited to a list of mortgage providers. We can therefore consider a much wider range of mortgages to find the one most suitable for you.

Like all brokers, we receive a payment from the lender when the mortgage completes. The difference is that unlike some other mortgage brokers, we simply choose not to charge our customers a fee on top of this. Other brokers could well charge you a broker fee of £350 to £500, plus commission!

As well as looking at your mortgage, we can review your protection requirements – this is something that often gets overlooked as people forget to review their protection needs when their circumstances change.

Roebuck Mortgages and Protection Ltd is an appointed representative of Davenport Thomas, set up to help provide accountants with a solution to their mortgage and protection advice requirements. For a discussion about how we can help, you can book directly into David’s diary via Calendly, email or call.

 

David's contact details are:

Calendly - David Fear

Tel number 0208 8192407

Email is [email protected].

 

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As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments.

Davenport Thomas is a trading name of RJM & Associates (Hampton) Ltd which is authorised and regulated by the Financial Conduct Authority.