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Compass Mortgages Ltd
The Old Town Hall
38 High Street, Steyning
West Sussex BN44 3YE
01903 815444
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Latest News

Preparing for Potential Mortgage Payment Increases in 2025

02/12/2024
The Bank of England has warned that mortgage payments for half of homeowners will rise over the next three years, putting 4.4 million households under financial pressure. Among these, about 420,000 households could face increases of £500 or more per month. This trend stems from rising interest rates as the Bank works to combat inflation. While some borrowers have been shielded by fixing their rates before the increases began in late 2021, others may soon feel the pinch as they remortgage or move to variable rates. With 2025 approaching, now is the time to plan for these changes and protect your financial stability.
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Your home may be repossessed if you do not keep up repayments on your mortgages

Compassmortgages+ is a trading style of Compass Mortgages Ltd who is an Appointed Representative of Mortgage Intelligence Limited which is authorised and regulated by Financial Conduct Authority under number 305330 in respect of mortgage, insurance and consumer credit mediation activities only. Client Fee: Initial discussions with Compass Mortgages Ltd. are obligation free. When you choose to transact a mortgage through Compass Mortgages, a fee may be charged. The fee is typically £495. This fee is charged only on exchange of contracts for purchases or on completion of a re-mortgage arranged by Compass Mortgages Ltd.
¹ The overall cost for comparison is 8.7% APR.

We always aim to provide a high quality service to our customers. However, if you encounter any problems and we are unable to resolve them you can take your complaint to an independent Ombudsman. Our advice is covered under the Financial Ombudsman Service.

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