Data-driven personalised advice. Not one-size-fits-all solutions.
As the market changes every day, it’s easy to get carried away by the media hype. Now, more than ever, people should seek independent advice from a mortgage adviser that is tailored to their specific needs.
Our 24/7 Mortgage Monitor provides these advisers with hard data that allows them to offer their clients the most up-to-date, accurate and valuable advice.
Dashly founder, Ross Boyd, says: “Much of the mortgage rate hysteria we have at present is totally unfounded. Yes, 2-year fixed rates are above 6% as lenders have no idea as to how far rates will rise due to the level of economic uncertainty, but people can still access variable rate products of under 3.5% with no, or a low, early redemption charge. The Bank of England will also be acutely aware that if standard variable mortgage rates rose to 8%, the economy would be on the verge of collapse. We need perspective and not hyperbole.
While the price of fixed rates has skyrocketed thanks to the self-inflicted market turmoil, any good adviser will be helping their clients navigate all the options, including discounted and variable rates that are still much cheaper than standard variable rates. Right now, discounted rates and trackers look very attractive, especially those with low or no early redemption charges. While moving onto, or staying on an SVR may be appropriate for some, it may not be for others.”