Escape the SVR trap with expert advice from mortgage broker, Deal Direct.
One of the advantages of seeking advice from expert UK mortgage broker, Deal Direct, is that we can help keep you informed about how to save money on your mortgage.
For the average homeowner, keeping an eye on mortgage rates is not high on their list of priorities. Even though your mortgage is likely to be the largest bill you pay on a monthly basis, life and automated payments take over and it can soon slip to the back of your mind.
Once a mortgage has been approved and repayments begin, people tell themselves they don’t have to think about it for another 2 or 5 years. Time passes quickly though and, before you know it, your initial agreement has ended and you’ve slipped onto paying your lender’s SVR.
In some cases, this could add up to paying an additional £200 or more. Even though this is a significant difference, many fail to do anything about it having misunderstood or forgotten about their lender’s terms and conditions. Many borrowers simply don’t understand that is possible for them to switch to another product and save money.
Are you one of them?
Obtaining your mortgage with Deal Direct’s help means not only finding the best mortgage offer possible for you in the first place but we can also keep you informed on an ongoing basis. Although lenders are not obliged to give you notice of when your current deal is ending, we can remind you and make you aware of alternatives that can save you money.
Why pay more for your mortgage than you need to?