Navigating the Residential Mortgage Landscape in 2024

In today’s dynamic financial environment, securing the right residential mortgage is essential for homebuyers looking to maximise their investment. At Novus Financial Solutions, we aim to equip you with the insights needed to find the right mortgage rates and make informed decisions.

Current Market Trends:

  • Interest Rates – Despite fluctuations, current rates remain low, presenting opportunities for fixed-rate mortgage seekers.
  • Lender Criteria – Increased scrutiny and varied lending criteria require a keen understanding of what lenders are looking for, especially for those with non-traditional income sources.

Tips for Homebuyers:

  • Improve Your Credit Score – A higher credit score can unlock better rates and terms. Regularly check your report and address any discrepancies.
  • Consider a Mortgage Broker – We can provide access to exclusive deals not available on the open market through our network Quilter Financial Planning Limited.
  • Be Prepared to Act Fast – With properties moving quickly, having pre-approved financing can give you a competitive edge.

Partner with Novus Financial Solutions to explore your mortgage options and secure the most suitable terms for your new home.