boydens.co.uk Finances 14 Against a backdrop of rising interest rates, homeowners are rushing to secure a good deal before the fixed term on their mortgage ends. Mortgage consultant Chris Pargin, of Pargin Financial Solutions, discusses remortgaging and why it’s always best to plan ahead. TIME TO REMORTGAGE? The mortgage market is as busy as ever, and we have been receiving a lot of remortgage enquiries stemming from recent interest rate rises. The rate increases have caused concern for people looking for stability on their monthly mortgage payments, and as a result many mortgage borrowers are looking to see when they can start renegotiating their next mortgage product. Of course, a lot of people are looking at their overall outgoings with the cost-of-living increases, and the monthly cost of paying the mortgage is a huge part of this – and is usually the starting point when it comes to household budgeting. It comes as no surprise that we have seen an increase in remortgage enquiries at this time.
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