NZ Adviser’s Post

Are you among the thousands nearing the end of your fixed-rate mortgage period? If so, it's time to prepare for some changes! “Approximately 70,000 of you may experience yearly repayment hikes of €2,000”, as quoted by Charlie Weston, of the Irish Independent. This is as a result of you having secured fixed rates at around 2%. But there's been a significant change…..rates have risen dramatically! New fixed rates may now be above 4%, which could result in an additional €170 to your monthly repayments, and non-bank lenders may subject you to variable rates as high as 6%. Your personalised options will be sent to you by your lender, six weeks before the end of your fixed rate period. Therefore, now is the time to explore your options. Consider opting for your lender's variable rate, as European interest rates may decrease, making variable rates a wise choice. Most lenders are offering variable rates between 3.75% and 4.75%. If you are one of those facing substantial repayment increases, think about switching for a better deal – five lenders are even offering cash incentives. Also Switching mortgages just got simpler with incentives covering your costs. Check out our blog on “Switching and saving”: https://lnkd.in/dyWfaHhY When you find the ideal rate, lock it in –as transitioning from variable to fixed rate won't cost you. Why not get in touch with one of our friendly mortgage advisors here at Ezfees Financial, and make an informed decision about your financial future. Call us on 0818 910800 or email us at [email protected]. Likewise, you can book a mortgage consultation via our “Book A Consultation” option on our website; https://lnkd.in/e4Be7fJN #mortgage #ratehike #mortgagebrokerireland #ezfeesfinancial #mortgageswitch #advice #guidance #caring #friendly

Our Hodge Professional Mortgage criteria just got a makeover! we've removed the need to meet capital repayment affordability when assessing interest only applications. Plus, we've adjusted income thresholds and expanded accepted income types. Dive into the details on our blog: Hodge for Intermediaries #CriteriaEnhancement #ComplexMadeSimple #Mortgages #ProfessionalMortgage #DiverseIncome | Intermediary only

With one in five of the mortgage industry’s 19,000 brokers not writing a loan within a six-month period, alarm bells are ringing over what this might mean for the industry. Australian Broker asked some mortgage industry experts about why this might be occurring and what the industry can do about it in 2024. Buurman Finance Solutions | Kerri Buurman | Peter N. | Lukas Best | Best Financial Solutions | Mortgage & Finance Association of Australia (MFAA) https://lnkd.in/gErY8WJp #brokerinactivity #retiringbrokers #mortgagebrokers #financebrokers #parttimebrokers #brokerburnout #brokernews

The Mortgage Charter - Let's talk about it 📈 The UK's largest mortgage lenders, in collaboration with the Financial Conduct Authority, have embraced new standards to assist those navigating higher interest rates, and here's the thing, this isn't widely talked about 🤯🏡 Here's what the Mortgage Charter entails: Support Highlights👇 1️⃣ Worried about mortgage repayments? Reach out to your lender for assistance without impacting your credit file. Your bank is here to help. 2️⃣ Seamless transition: Customers up-to-date with payments can switch to a new mortgage deal at the end of their existing fixed rate without an additional affordability check. 3️⃣ Informed decisions: Lenders will offer timely information to help you plan for the end of your current rate. 4️⃣ Tailored support: Lenders are committed to assisting those facing difficulties, providing options like extending the term, interest-only payments, payment deferral, and more. So, what does this mean for a borrower: 👉🏼 Reduce payments through a switch to interest-only payments for six months. 👉🏼 Extend the mortgage term to lower monthly payments, with the option to revert to the original term within six months. We're dedicated to ensuring your mortgage journey remains smooth and your home and financial stability are preserved. Contact us at 01925 573328📞🏠 #MortgageHelp #FinancialStability #UKMortgageCentre #MortgageAdvice #UKMC

Navigating Mortgage Rate Cuts Exciting developments are underway in the UK mortgage market, with major lenders, including Skipton Building Society, Halifax Intermediaries, Santander, HSBC and Barclays cutting their rates. This trend offers a unique opportunity for consumers, but understanding the implications is crucial. In a market where rates are in flux, seeking professional advice becomes paramount. Mortgage advisors provide personalized guidance, taking into account your financial goals and ensuring you make informed decisions. Our advisors aren’t just there for the transaction; they're in it for the long haul. Even after your mortgage offer, they diligently monitor the market to ensure you continue to benefit from the most favourable rates. As mortgage rates continue to drop, the guidance of a mortgage advisor is invaluable. Whether you're a first-time buyer, looking to move home or considering a re-mortgage, their expertise ensures you navigate the market with confidence. Check out our Google reviews to hear directly from clients about their experiences. We take pride in the feedback we've received, reflecting our commitment to excellent service and client satisfaction. Rettie Financial Services is here to assist you in your mortgage journey. You can book an free initial consultation on the following link - https://lnkd.in/e5MVZqpH #MortgageRates #Homeownership #FinancialAdvice #5starreviews #mortgagebroker Rettie & Co. Rightmove

Retaining mortgage servicing rights is considered a key milestone in the growth of every mortgage banker. Learn about this crucial asset from our expert team. https://lnkd.in/gKpWC2Yb In this webinar, MCT’s MSR experts, Bill Shirreffs, Azad Rafat, David Burruss, and Natalie Martinez will provide MSR insights, elaborate on their advantages and disadvantages, describe the difference between fair, market, and economic value, and give a current market update. Topics include: - Defining MSR – What are Mortgage Servicing Rights? - Advantages vs. Disadvantages of Holding Servicing - Fair vs. Market vs. Economic Value - Key Valuation Drivers - Achieving Pricing/Value Continuity - Current MSR Market Update Register here - https://lnkd.in/gKpWC2Yb

🌟 Exciting Announcement from Modern Property Finance, Australia’s Emerging Mortgage Broking Innovator! 🌟 We're thrilled to introduce MPF Compare, our value packed "Free Loan Comparison Tool". Discover how it leverages our vast panel of Lenders and provides you a tailored mortgage comparison in a matter of minutes. Why MPF Compare? Custom-Tailored Mortgage Solutions: We understand that every journey to homeownership is unique. MPF Compare brings you mortgage options that align perfectly with your individual needs. Simplicity and Transparency: The world of mortgages can often seem complex and opaque. Our tool demystifies it, offering straightforward and easy-to-understand comparisons. Backed by Expertise: Leveraging extensive industry research and insights, MPF Compare is designed to provide top-notch, reliable mortgage advice. 💼 Explore Further on Our Website: www.mpf.solutions - Embark on your mortgage journey with a fresh and trusted perspective. 👥 Join Our Community: Follow MPF on LinkedIn for up-to-date insights and advice on the Australian mortgage market. At MPF, we’re passionate about empowering your property dreams with innovative solutions. We're here to redefine the mortgage experience, one happy Homebuyer/Investor at a time. #InnovativeMortgages #AustralianHomebuyers #PropertyInvestment #MPFCompare #FinancialWellness

For Martin Reynolds of SimplyBiz Mortgages, transparent communication and a comprehensive service range are key to navigating the mortgage market's recovery. https://hubs.la/Q02l0Mhk0 #mortgageindustry #mortgagemarket #mortgagebroker #mortgageinsights

With interest rates and lending criteria changing hourly, it’s a challenge to stay ahead of the data that mortgage brokers get on a daily basis. While we all want the cheapest deal, it’s not always about price. A good mortgage broker gives; Expert Advice and Guidance ✅ Impartial input ✅ Someone who understand your business ✅ Objective Contextual Recommendations ✅ Access to a market place of lenders ✅ Assistance for Complex Situations ✅ Continuous Support ✅ Transparent Communication ✅ Market Knowledge ✅ Peace of Mind ✅ Revised advice if what you started with changes ✅ We do this by having professional relationships, connections and access and support from a wide range of industry professionals. Most importantly we treat you like a human being, and put you first! #UKmortgages #InterestRates #HousingMarketInsights #proudtobeprimis #mortgagebroker #mortgageadvice #mortgageadviser #mortgageprotection #mortgageprotectionadviser #mortgageprotectionadvice #liddleperrett