SVR mortgage holders are advised to get off the fence and remortgage.
If you are an SVR mortgage-holder, you should seriously consider reviewing the best remortgage deals so that you can switch to a better deal before rates rise.
Average SVRs are considerably higher than average fixed rates, you are therefore paying more for your home than you actually need to. If the reason you are remaining with your higher rate deal is concern over the stress and time it takes to compare remortgage rates, then you should seek help.
An independent and 'whole of market' broker can help you find a better deal to switch to. Call 0800 048 8828 for advice and a quote.
It is estimated that at present over 3 million home-owners are sitting on an SVR, that's 3 million mortgage-holders who are likely to be paying over the odds for their home.
If you are one of the 3 million, you should be looking around to switch deals. There is real concern that lenders could once again hike their standard variable rates to cover any increased funding costs incurred by a rise in swap rates.
There are various lenders who are currently cutting fixed rates, and launching new products aimed at home-owners needing to remortgage.
Barclays for example has just re-launched various new Great Escape remortgage deals, if you would like a review of the rates offered call an adviser on 0800 048 8828.
Don't just sit on the fence and remain on your lender's SVR, when you could remortgage and save yourself money.
Call Deal Direct to review the best remortgage deals for your deposit level.
