Summer Thoughts

As we step into July, your mortgage may not seem like a priority. The end of the school year, the World Cup, Wimbledon, and summer holidays are going to be top of mind, of course.

But if your mortgage is up for renewal in the next few months, don't wait to get it sorted.

This isn't about making an accurate guess about whether rates will go up or down. The goal is to spread out the time at which you choose your new rate so you're protected against surprises.

If you lock in a new rate early, you'll have time to switch to a lower one if rates go down. If rates go higher, you're protected. The worst case scenario is that a random event--say, a new war in the Middle East or surprise spending plans from a new Government--do something to push mortgage rates up. If that happens and your need a new mortgage right away, you'll be stuck with those higher rates.

Before I became a mortgage adviser, I spent twenty years as a financial journalist covering interest rates, inflation, and the Bank of England in London and Frankfurt. I'm very happy to keep on top of the headlines for you.

And as an adviser, I'd encourage you not to let the headlines dictate when you act. Do it early, it's the safest way.

Drop me a DM when you're ready to chat.

Your home may be repossessed if you do not keep up repayments on your mortgage. The value of financial advice and the suitability of any mortgage depends on your individual circumstances. Always seek personalised advice.