Those seeking out loan protection may be interested to hear that the cost of mortgages will eventually increase.That is according to Ben Wilkie, editor at What Mortgage, a website aimed at prospective house purchasers, borrowers transferring between lenders or types of mortgage, or those involved in buy-to-let.Mr Wilkie claims that many homeowners are unprepared for the way in which an increase in interest rates will affect their mortgage.In terms of preparing for increasing interest rates, Mr Wilkie suggests people make sure they are aware of market happenings.He said: "It is a case of just keeping an eye on what the market is doing. People are looking to protect themselves against future [interest] rate rises."Eventually mortgages are going to start costing more, so a lot more people are now looking to fix their rate and protect themselves against those increases."According to the Council of Mortgage Lenders, gross mortgage lending in February was an estimated £9.5 billion.Jennifer HainesJennifer's speciality knowledge is credit card changes and balance transfers.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioners Office to ensure compliance with the Data Protection Act 1998 registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.
Please note that calls may be recorded and email traffic monitored for the purposes of security and staff training.
* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.