Why?
For many millions of people who are paying standard variable rates for their mortgage, there is the opportunity to save thousands of pounds by remortgaging.

Mortgage Lenders are quite happy for you to pay these rates, as this produces them the greatest profits. If you do request a change, the products offered are generally at the higher rates than offered to new borrowers.

So what price loyalty?!Mortgage schemes are currently more customer focused than at any other time in the last few years. Lenders are particularly keen to gain re-mortgage business as the risk is the lowest for them, and they will offer very special rates to attract you.

You can switch to a daily interest rate mortgage or a tracker rate for example. It is very easy and far simpler than buying a house. It is possibly the hassle that many people encountered whilst buying a house that puts them off re mortgaging, but the process is very quick and simple. For the sake of filling in a form, borrowers can save thousands of pounds.

 

 

 

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT
KEEP UP REPAYMENTS ON YOUR MORTGAGE.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
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