If you are on a SVR remortgage and save money while you still can.
If you are sitting on your lender's SVR the advice is to remortgage.
You are recommended to compare your current rate against the wider market as it is probable you are paying more for your home than you need to.
Those sitting on an expensive SVR should review the market now to see how they can improve their deal. Mortgage rates for 3 and 5 year fixed terms began to climb this week and so you need to act while cheap deals remain on offer.
It is unfortunately the case too many mortgage-holders move onto to their lenders' SVR by default, without bothering to search the market for a better deal.
While standard variable rates were once competitive, this is no longer the case. Fixed rate mortgages are as cheap as they have been in a decade, so it makes no sense to switch to a cheaper deal.
If you are concerned about the complexity and time involved in looking for a new mortgage you are not alone. Many home-owners have never remortgaged either, so Deal Direct make it our business to make the process as stress free and easy as possible.
We are a 'whole of market' broker dedicated to sourcing the most affordable fixed rate mortgage deals from the entire market.
Contact Deal Direct and see how much we can reduce your monthly mortgage repayments by. Call us today and give us the chance to beat your currently lender's offer.
Deal Direct can save you money on your mortgage.
Call 0800 048 8828 and see how much you can save.
