Released on: October 1, 2008, 11:52 pm

Press Release Author: Peter Curtis

Industry: Real Estate

Press Release Summary: Greenwich mortgage brokers IDFM City Ltd annouce 10 point
report to help mortgage buyers when coming out of their fixed rate mortgage deals.


Press Release Body: Greenwich, London, October 02, 2008 -- Numerous reports in the
press may have prompted many homeowners to worry about the imminent end of their
fixed-rate mortgage deal. Greenwich mortgage broker IDFM City Ltd have produced a
ten point report which details the things that we should be looking out for when our
fixed rate mortgages our coming to an end.

Peter Curtis from IDFM City Ltd says "Sitting tight when a fixed-rate deal ends and
paying the new and potentially higher monthly repayment may seem like the simplest
option, but it may or may not be the most cost-effective. Your mortgage is a major
financial commitment and as such should be reviewed on a regular basis. The expiry
of a fixed-rate deal provides you with an excellent opportunity to do this."

If you have decided to investigate the alternative interest rates or other mortgage
types and terms that may be available to you, it makes sense to speak to a
professional mortgage adviser about a mortgage review. IDFM's ten point report will
help you know exactly what questions you should be putting to your mortgage adviser.

The credit crunch has shrunk the mortgage market. So it is now even more important
that you use a mortgage expert who is familiar with the deals now available in the
market place. For example, it doesn't always follow that switching to a lower
interest rate will save you money.

Some lenders may be reluctant to adjust their own lending rates to match reductions
in the base rate, while others may increase their rates regardless of base rate
changes. This makes it all the more important to speak with a mortgage adviser who
has access to products from the whole market and who can compare the latest rates
offered by different lenders.

There are a variety of fixed-rate, variable-rate and other types of mortgages
available, with some lenders specialising in particular segments of the property
market, all of which will have their own specific advantages and disadvantages.
IDFM's report helps identify the main features that should be considered when
shopping for new mortgage deals.

To receive IDFM's 10 point mortgage buying guide please email peter@idfm.co.uk or
visit www.idfmcity.co.uk
Press Release Submission by PressReleasePoint(http://www.pressreleasepoint.com/)

Web Site: http://www.idfmcity.co.uk

Contact Details: Contact:
Peter Curtis
IDFM (City) Ltd
4 Cedar Court
1 Royal Oak Yard
Greenwich, London SE1 3GA
0845 2706160
peter@idfm.co.uk
http://www.idfmcity.co.uk