It is likely your original mortgage was the most suitable product based on your circumstances at the time, but is it still the best option for you?
Interest rates have fallen significantly and you could find that we are able to save you some money.
You might feel that you are paying a good rate, as the Standard Variable Rate (SVR) provided by the lender is quite competitive. However, we find that in many cases the SVR offered by the lender is actually higher than a lot of rates available for remortgage.
In addition many of the remortgage products offer a free valuation, free legal work for switching lender and no arrangement fee to pay, keeping the cost of remortgaging to a minimum.
It’s likely that the Bank of England base rate wont stay low forever, making it wise to secure your rate to a Fixed Rate whilst they are low.
If you’re tied in and worried about penalties, we can look at remortgaging you up to 3 months before your early repayment charge is due to finish. This way we can book your new rate ready for when your existing rate ends.
In some instances we can also save you money even if you are tied in. However, this will depend on individual circumstances, available rates and the amount of the Early Repayment Charge payable.
If you are interested in finding out whether you can save any money please contact us on 01822 615 502 or use the Contact Us facility above.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.