Do You Know Your Mortgage Rate

Approximately 28% of homeowners across the UK are unaware of the size or cost of their mortgage rates according to research by John Charcol - a statistic that many property advisors are fearful may be even higher…

Speaking on their survey mortgage advisor Ray Boulger revealed that more than 50% of property investors across the UK property market do not know their interest rate or even when their current mortgage deal will come to an end.

And this is a worrying revelation…


Unaware of the day to day runnings of their mortgage, many property investors could be at risk of losing out on the most profitable LTV deals because they don’t know that they need to upgrade.

Even worse, by not having a keen knowledge of their mortgage property investors won’t know when is the best time to switch deals or stick with what they know.

Although such property knowledge is provided to homeowners when the contract is signed, these statistics clearly prove that this documentation is being discarded soon after the deal is sealed…

Original Article

More About the Author

Jatinder Singh, Property Mentor Delegate

After years of watching others earn large capital gains from property, I knew reading about this niche wasn't enough to satisfy my curiosity, I needed to get MY slice of this strong investment vehicle too. That was x years ago and since then I have managed to: invest in 2 properties (one with a £60,000 saving); earn consistent £1,000+ monthly cash flows, and have got a couple more properties waiting in the pipeline. Read more