Take advantage of low remortgage rates.
Coming to the end of your fixed rate period and about switch on to your lender’s SVR?
The advice is don’t, because you could end up paying far more each month than if you were to remortgage.
Average SVRs are set as much as 2.5% higher than average 2 year fixed rates, with some starting at just over 1% if you have a good deposit.
With as many as 39% of mortgage holders failing to switch to a lower rate, a large amount of home-owners are paying over the odds for their home. This is madness, why pay out extra money each month when there is a better deal to be had?
If you are coming to the end of a fixed term start reviewing the market to find yourself a cheaper deal.
With literally thousands of mortgage products on offer market-wide this can be a daunting task and is easier said than done. It is therefore better to enlist the services of a mortgage professional to find you a new great deal.
At Deal Direct we are an independent ‘whole of market’ broker with access to all lenders’ ranges.
We can review the entire market to find you a competitive remortgage to switch to.
Note: With new EU regulations due to come into force you need to act sooner rather than later to avoid missing out on being able to switch.
For a competitive quote call us today on 0800 048 8828.
