mortgage advisor essexTel: 07887 668190
Email: mark@advancemapa.co.uk


Your Name (required)

Contact Tel No.

Your Email (required)

Mortgage Amount

Mortgage Period (Years)



Advance Mortgages &
Protection Advisers 
Heron way
Mayland
07887 668190
mark@advancemapa.co.uk

We treat your data with respect and do not pass it onto third parties without express permission. Find out more about how we use your data in our Privacy Notice here.


Your Email (required)

Your Contact Number

Your Enquiry

Facebook Posts

View on Facebook

Borrowers who opted for a two-year fixed rate at an average rate of 2.30% in May 2017 could see their interest rate more than double when moved onto the average SVR of 4.89%.
The average two-year fixed rate reached a record low of 2.20% in October 2017. The following month, the Bank of England increased the base rate (from 0.25% to 0.5%) and the average two-year fixed rate increased to 2.35% by December 2017.
The average two-year fixed rate currently stands at 2.47% – down from 2.49% last month – and, if the average SVR remains constant at 4.89%, the projected average difference in the revert rate will increase from 2.59% to 2.69% by October. This would give borrowers even more motivation to remortgage or switch their existing deal.
In January, Virgin Money highlighted that as many 750,000 borrowers would reach the end of their fixed terms in the first half of the year.
Moneyfacts spokesperson Darren Cook said: “Over the next six months, it is likely that many mortgage borrowers who secured a two-year mortgage deal two years ago may see their record low interest rate expiring and will have no intention to revert to a rate that could see their interest rate double overnight.
“For instance, a borrower on a repayment mortgage of £250,000 who locked into the average two-year fixed rate of 2.20 per cent in October 2017, if then transferred onto the predicted average lender’s SVR of 4.89 per cent in October 2019, will see their mortgage repayments increase by £4,336.20 per year with a rate increase of 2.69 per cent.
This significant increase in motivation for borrowers to switch mortgage deals, and the subsequent potential increase in remortgage business as a result, may push some mortgage lenders to marginally cut rates over the next few months to maintain a competitive edge.
The average two-year fixed rate has already fallen this month. However, this fall could be attributed to rate cuts at higher risk loan-to-value (LTV) tiers to attract first-time buyer business. It will therefore be interesting to see if the average rate falls further still as providers potentially target remortgage customers – and therefore lower LTV tiers – as we approach October.”
... See MoreSee Less

View on Facebook

Off to London to support my wife in the London landmarks half Marathon.

Go Jessica Go!!
... See MoreSee Less

View on Facebook
View on Facebook

We are a Network of 20 Local businesses in Essex - Solicitor, IFA, Accountant, Electrician, Nutritionist etc - we operate with BNI and meet every Tuesday to exchange business referrals.

In the last year we have passed each other over 600 referrals worth over 1.2m pounds - money that may have gone elsewhere.

We have an open day on Tuesday 29th January to find out about what we do and are looking specifically for :

Plumbers Printer
Funeral Director Estate Agent.
Charity. Florist
Contractors Photographer
Decorators Personal Trainer.
IT Support Architect

If you are in a category above or know someone in one of the categories and are interested in finding out more please message me.

The cost is just £20 for breakfast and you will have a chance to pitch your business to everyone present and pass around business cards.

There is no obligation from either the Networking group of yourself to proceed if either side do not see a mutual benefit

What's to lose?
... See MoreSee Less

View on Facebook