Millions of borrowers in the UK are currently overpaying on their mortgage because they have unknowingly been moved onto their lenders standard variable rate!
When you took out a mortgage to purchase a property you most likely got a fixed rate mortgage. This ensures you pay the same amount each month by maintaining the same interest rate for a fixed period- normally 2 years although this can be anywhere between 1 and 10 years.
Once your fixed period expires, you will automatically be placed on to the Lenders Standard Variable Rate which will likely be much more expensive.
With interest rates as low as 1% there is no reason you should continue paying around 5% interest on your mortgage.
Make use of the historically low rates by getting in touch with us. As Independent Financial Advisers we are not tied to any specific Lenders and can focus on what’s best for you – conducting whole of market research to get you onto a competitive rate.
Let us process the remortgage for you and save yourself the hassle and time of searching and liaising with Lenders.
Get in touch with us now to see how we can help!