Do you need to review your mortgage?

15 November 2022

The Bank of England announced the latest round of mortgage base rate increases to 3%, a rise of 0.75% in a bid to help curb rising inflation, with further increases predicted in the future.

We understand what a worrying time this can be if you have a mortgage so it’s important to understand how you might be affected.

  • If you have a fixed-rate mortgage in place, check the end date and consider your options – you don’t need to wait until the term is complete.
  • If you have a variable-rate mortgage, you need to know how much your payments will increase by and look at any options you may have to reduce the cost of borrowing.
  • If you are thinking of buying a property, what’s the best mortgage for you given the current economic climate?

reidential street

What can you do?

Your Workwell accountant will do their best to help you but we’ve also partnered with CMME, one of the UK’s biggest mortgage and protection brokers for independent professionals.

CMME are a mortgage and protection specialist dedicated to helping contractors, freelancers, self-employed professionals & business owners, secure mortgage funding & personal protection policies.

No matter your situation, CMME understands the way you work to get the outcome you deserve.

 

Why we choose to work with CMME:

  • Specialists in working with independent professionals with over 18 years of experience
  • Access to some of the most competitive rates in the market
  • Dedicated specialist advisor every step of the way
  • 4.9/5 customer rating on Feefo with over 6,100 reviews

 

As a client of Workwell, you can book a FREE initial consultation with one of CMME’s specialist mortgage advisors to discuss your mortgage plans.

Contact CMME today or speak to your Workwell accountant for more information.

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