Securing the best mortgage rate can be daunting, especially with the ever-changing interest rates in the market. At YesCanDo Money, we understand that everyone is currently mortgage rate-conscious, but fear not as our fee-free team is here to help you secure the current best interest rate with confidence.
Whether you are a first-time buyer, looking to remortgage your home, moving home, or looking for a better deal on your current mortgage, our goal is to provide you with peace of mind and significant savings.
We promise to secure the best mortgage rate (or overall mortgage deal) available to you, ensuring you benefit from the best possible mortgage terms.
Common Concerns About Mortgage Rates Going Down
Mortgage rates over the last couple of years jumped up to the highest they have been since 2008. We are finding that many people worry that once they lock in a mortgage rate, rates might drop, leaving them stuck with a higher rate than necessary. This uncertainty can make the decision-making process stressful. Here are some common concerns:
- Future Rate Drops: Fear that interest rates will decrease after securing a rate.
- Market Volatility: Unpredictable changes in the mortgage market.
- Missed Opportunities: Concern about missing out on better rates available later.
- Financial Stress: Anxiety about making the wrong financial decision.
Our Solution: Continuous Monitoring of Interest Rates
We offer a continuous rate monitoring service using advanced technology to address these concerns. All our mortgage advisers use a fantastic piece of software from Mortgage Metrics. Mortgage Metrics is a software service that sets alerts across various mortgage lenders’ rates. The system then automatically scans rate reductions across thousands of product transfers, remortgages, and purchase products from mainstream lenders, helping our team deliver better deals for clients between application and completion.
We aim to ensure that you always get the best possible rate, even after you’ve locked one in. Here’s how our solution works:
- Advanced Technology: Utilising cutting-edge software to monitor live rates.
- Real-Time Updates: Immediate alerts to notify our advisers when rates change.
- Proactive Adjustments: Automatically adjust to lower rates when available.
- No Extra Costs: Ensuring you benefit from the best rates without additional fees.
Case Study: Securing a Lower Remortgage Rate
Sarah and John, a couple in their mid-30s, were looking to remortgage their 3-bedroom semi-detached house valued at £350,000. They had an 80% LTV mortgage of £280,000 over 25 years. Initially, their current lender offered a new interest rate of 5.35%. Concerned about market volatility and potential rate drops, they approached YesCanDo Money for assistance.
As existing customers of YesCanDo Money, Sarah and John knew they could rely on their proactive service. Using their Mortgage Metrics software, YesCanDo Money continuously monitored rates. They secured a new rate offer of 4.89% from a different lender. Three weeks into the remortgage process, the same lender’s rates dropped further. YesCanDo Money quickly resecured an even lower rate, saving Sarah and John around £74 per month and over £22,200 over the mortgage term. Thanks to YesCanDo Money’s proactive rate monitoring, the couple secured a lower rate without additional fees, providing significant long-term savings and peace of mind.
Steps to Secure Your Mortgage Rate
Securing the best mortgage rate involves a strategic and informed process. Here’s how our mortgage brokers ensure you get the current best mortgage rate available:
1) Initial Consultation
Meet with Our Experienced Brokers: The first step is to schedule an initial consultation with one of our fee-free expert mortgage brokers. During this virtual meeting, we will discuss your mortgage and property goals, review your current mortgage situation, and understand your specific needs and preferences. Our brokers will explain the different mortgage products and help you identify the best options for your circumstances.
2) Rate Locking Process
Secure a Rate That Works for You: Once we understand your needs, our brokers will search for the best mortgage rates available from a wide range of mortgage lenders. We utilise Mortgage Metrics to track and compare thousands of product transfers, remortgage, and purchase rates in real-time. When we find a rate that meets your requirements, we will lock it in for you, protecting against potential rate increases during processing. This ensures you secure a rate that aligns with your financial plan.
3) Continuous Monitoring and Adjustment
Benefit from Ongoing Rate Monitoring and Adjustments: Our service doesn’t stop after locking in a rate. Mortgage Metrics continuously monitors mortgage rates, and if there is a favourable change, our system alerts our brokers immediately. Our team will then reassess your situation, and if a lower rate becomes available, we will work with you to adjust your rate accordingly. This proactive approach ensures you always benefit from the best rates throughout the application and completion process.
Why Choose Our Service?
- Expert Guidance: Our experienced brokers provide personalised advice and support throughout the mortgage process.
- Advanced Technology: We leverage cutting-edge tools like Mortgage Metrics to ensure you get the best rates.
- Comprehensive Coverage: You can access a wide range of rates from numerous mainstream lenders, giving you more options and better deals.
- Continuous Support: From initial consultation to ongoing rate monitoring, we are committed to helping you secure the best mortgage rate.
- Fee-Free Service: We proudly offer our services completely free of charge. You will never incur any fees for our assistance, ensuring you receive the best advice and support without any additional costs.
By following these steps, our mortgage brokers are dedicated to securing your current best rate, providing peace of mind, significant savings, and exceptional service at no cost.
Frequently Asked Questions
How does the rate monitoring process work?
Mortgage Metrics constantly scans mortgage rates in real-time. If a favourable rate change occurs, our system alerts our mortgage brokers, ensuring you always get the best possible deal.
What happens if rates go down after I secure a rate?
Mortgage Metrics immediately alerts our mortgage brokers if rates drop after securing a rate. Our advisers will then work with you to secure the new lower rate and ensure the best deal.
How often are rates monitored?
Mortgage Metrics monitors rates in real-time, detecting any changes immediately. This continuous monitoring keeps our brokers informed of the latest rate updates.
Conclusion
The team at YesCanDo Money is committed to helping you secure the best mortgage rate possible. With our advanced tools and dedicated service, you can confidently move forward. Contact us today to learn more and take the next step toward your dream home.
Related reading:
- Discover The Best Interest-only Mortgage Rates
- The Best Mortgage Rates for First Time Buyers
- Buy-To-Let Mortgage Rates
Contact Us
Ready to secure the best mortgage rate? Contact us today to schedule a consultation with one of our expert brokers. Our team is here to guide you through every step of the process, ensuring you get the best possible deal.
