Around 340,000 people who took out 5 year fixed rate mortgages in 2003 are in for a massive shock this year when their current deals end. Many will struggle to keep up their new payments as they switch to the Standard Variable Rate Mortgage and their payments increase by up to 35%.
These people all need professional help from CeMAP qualified mortgage advisers who can quickly find better deals for them than the SVR mortgages that they will automatically switch to. Without professional advice, these borrowers will face massive bills and many people are already deeply concerned by this problem. According to Les Jacobs, Chairman of Mortgage Monitor, For many people finding the right deal will make the difference between making ends meet or facing financial strain or even repossession.
If you have been considering CeMAP training for a career as a mortgage adviser, then now is the time to take the plunge.
Extract from an Article originally published in Introducer Today on Monday 17th March.
These people all need professional help from CeMAP qualified mortgage advisers who can quickly find better deals for them than the SVR mortgages that they will automatically switch to. Without professional advice, these borrowers will face massive bills and many people are already deeply concerned by this problem. According to Les Jacobs, Chairman of Mortgage Monitor, For many people finding the right deal will make the difference between making ends meet or facing financial strain or even repossession.
If you have been considering CeMAP training for a career as a mortgage adviser, then now is the time to take the plunge.
Extract from an Article originally published in Introducer Today on Monday 17th March.