Remortgage now to avoid overpaying on your lender’s SVR.
Failing to remortgage your property could mean that you end up paying more than you need to if you remain on your lender’s SVR.
According to market sources, the average SVR in the UK is currently 4.9%. However, some borrowers can find themselves paying as much as 6%.
This does not make much sense when you consider the average rate of a 2 year fix is less than half the rate of the average SVR. Remortgaging, therefore, could mean you pay a rate of less than 2% - a substantial saving in these times of rising inflation and an ever-present threat of an increase in the base rate.
Finding out now about the latest remortgage deals available on the UK mortgage market today could mean the difference between safeguarding your pocket from further financial demands or cutting back to meet your monthly repayments.
Opting for a record low rate over a fixed term could reduce your repayments now to something much more affordable at the same time as protecting you from any rate rises for the duration of the mortgage term.
Sitting on your lender’s SVR could mean that you are paying more in monthly repayments than you need to. If saving money is important to you, begin your remortgage search right away by clicking the button below or call one of our experienced advisors.
Explore all of your remortgage options with confidence on 0800 048 8828.
