Everyone is much more confident

At New Star Financial Management Ltd, the team are passionate about one thing – their customers best interests. This company has a fantastic team of professionals who are qualified and experienced and provide a dedicated service to each of their customers.

New Star FM Ltd was set up in 2011, in the midst of a recession and has grown over the years thanks to numerous referrals from our happy mortgage customers. New Star are able to offer market based advice to you in relation to your mortgage as well as complimentary financial advice as a New Star Customer.

“With the recent announcement on Wednesday of the first 0.25% rate reduction by the ECB and with a further possible two further interest rate cuts anticipated by December, the Switcher mortgage market is definitely heating up. We have mortgage customers rolling off some really low rates of 1.9% and 2.20% which were available a few years ago and customers are finding the current mortgage market difficult and challenging to navigate,” explained Tara Wylie.

“Lenders will always give their customers 60 day’s notice in advance of their rate ending so that is a good time to see what other Lenders are offering the customer. For customers who have bought a property which they have improved over time, may now qualify for a better BER Rating. Lenders are now focusing on ‘Green Rates,’ which means a Building Energy Ratings of B3 or better. Bank of Ireland have recently launched Eco Saver Rates and have correlated their rates to BER ratings or BER exemption.

“There is a lot of emphasis from the Lenders to capture customers who have improved the energy efficiency of their homes as Green Rates are the most attractive rates at the moment.”

“With mortgage rates decreasing and future rates stabilising, everyone is much more confident and encouraged to review their mortgage rate and see what options they have,” added Ms Wylie.