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Why NOT to pick a Mortgage based on the Rate alone


We get asked quite often by clients what the rate is on a mortgage option we are recommending or they may highlight they have seen a lower rate online. More than often the rate they have seen is included in our sourcing but we have not recommended it because that lower rate option has additional fees included such as arrangement fees, discharge fees, CHAPs fees etc which when accounted for actually make that option more expensive in the long run over the term.


The best rate to ask for to compare mortgage options is the APRC rate – this rate will include these fees and allow you to compare products much better.


YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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