Articles

Hassle-free Product Transfer Mortgage by ARK Mortgages

by Jeremy Thompson Web Marketer
Owing to the present day decline of the economic situation and ever-increasing financial crunch, the importance of mortgages have increased. For a huge majority of people, it is impossible to buy a home without mortgage. Buying a home is likely to be the biggest purchase one can ever make and a mortgage will be the largest debt. Since the repayments on the home loans can be spread over so many years, the amount to be paid back every month is more manageable, and affordable! Mortgage is a cost effective way of borrowing. The interest rates of a mortgage tend to be lower than any other form of borrowing.

Product Transfer Mortgage
Often, there is a need to move from your existing mortgage deal to a new one with your current money lender. Here comes the well known concept of product transfer mortgage. It is generally a better option to remortgaging, depending on a person’s situation. Supposing if a person is currently on his lender’s Standard Variable Rate (SVR) and it is increased recently due to an interest rate rise, the person may consider moving on to a fixed rate mortgage plan. Assuming the person wants to keep his loan amount the same and is happy with the current lender, then this would be classed as a product transfer mortgage, because the person is just moving from one product to another. The main pros of a product transfer over the alternatives are:

• The process is much simpler
• There are not usually any legal steps or fees to pay
• Fewer fees overall due to fewer stages and people involved in the process
• Less paperwork to fill out

ARK Mortgages is a team of independent Mortgage Brokers with significant experience in the market. When you call Ark, you will get straight through to a member of their team with easy trouble-free access to a fully qualified mortgage consultant. ARK provides simple, straightforward advice given by people who genuinely care to help with all of your property finance needs.

Ark Mortgages arranges a product transfer with the existing lender:

By choosing a new mortgage product with the current lender, one can avoid unnecessary fees and charges. Ark Mortgages will review what the current lender is offering compared to switching to a new lender, they will do all the number crunching to make the best deal.

Service facilities provided by ARK Mortgages:

1) Deals are compared with money lenders and the best one is offered.

2) The costs of a product transfer with switching lenders are compared.
 
3) No valuation fee on product transfers.
 
4) No arrangement fees with some lenders.
 
5) Releases equity at the same time.
 
6) Product transfer is completed within days, not weeks.

Sponsor Ads


About Jeremy Thompson Advanced   Web Marketer

51 connections, 1 recommendations, 184 honor points.
Joined APSense since, June 26th, 2018, From Toronto, Canada.

Created on Nov 27th 2019 08:03. Viewed 383 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.