Anthony Emmerson

We have this conversation with people all the time where they think that you need to wait to be able to secure something.

You can remortgage your property if you're up for remortgage up to six months earlier than your expiry dates of your current product.

if the rates improve from that point going forwards you can always ditch the application that you've made either with your existing lender or with a new provider and then reapply for a new rate or new product or whatever it might be going forward i'd much rather

Clients are prepared and get their mortgage set and settled six months ahead of time.

And then every month catch up with their mortgage broker to kind of say, let's have a look at the market again.

Has it improved?

Should we make another application for something cheaper?

Too many people are leaving it right to the last minute.

And if something goes against them, they may very well end up paying quite a bit more than they had to.

Generally speaking, John, you have lenders providing you with free valuation and free legal transfer nowadays.

And because of that, we can secure something with no money down.

The arrangement fee varies from product to product, from free to 1,500 to 2,000 pounds for each product.

But you can opt to add them to the loan at the end when the mortgage completes.

So therefore, there's no money down from your side to be able to get in and do that application.

And at least you have something in your back pocket, which basically allows you to protect yourself from any upward increase in rates.

There is no downside to this.

Absolutely no downside, other than the poor mortgage broker might need to do his job two, three, four times over.

You have to have found a property first in order to make a full mortgage application.

And at that point, the mortgage offer comes out.

And as long as you haven't yet exchanged, we can keep reviewing the rates and changing the application accordingly.