CEO of Crunch Mortgages - Rob Starr, advises on how to approach remortgaging in a highly fluctuating mortgage market.

It’s understandable people are worried by the negative media coverage of the mortgage market surrounding interest rates rising and fixed rate deals being withdrawn by some lenders. It’s important to stay calm and be aware that despite what the media will lead you to believe, there are fixed rates available. In fact there’s still a huge choice on fixed rates for self-employed borrowers, from 2 years, to 5 years, and even 10 years.

A fixed rate gives you the comfort to know that even in a tough and changing financial climate, your mortgage payments will not increase. Anyone on a variable rate or about to see their current fixed rate expire, should consider taking advantage of a new fixed rate now and make sure that they can weather the storm until it eventually runs out, which if history tells us anything it will. Currently we are seeing lenders starting to remove a number of their fixed rates as they wait to see what the Bank of England will do over the next few months. To put things into perspective, there are still thousands of fixed rate products available at this time. Speaking with a crunch mortgage broker as soon as possible will reassure you that not only can we offer you choice from across all lenders and make sure that you do not miss out on the best deal available on any given day to suit your own position, but we can hold a rate for you today for up to 6 months so you are prepared and ready without fear of yet another increase.

There’s also good news which is currently being overshadowed by the removal of some fixed rate products. A stamp duty adjustment has been announced, which increases the allowance from £125,000 to £250,000, and even better for first time buyers as they see an increase from £300,000 to £425,000. This change to the stamp duty thresholds couldn’t have come at a better time for people wanting to buy their first home or move home. 

Crunch offers a whole of market mortgage brokerage service that has been assisting self-employed individuals secure borrowing on all their property needs since 1991. A whole of market broker like crunch mortgages gives you access to all the very best Fixed Rate deals including those not on comparison sites or the high street.

Simply talk to Crunch Mortgages today to see what’s possible on 0333 311 0800 and we can get the rate that is most suitable for you, or check out our other mortgage advice articles for all the best tips.