Why move from your lender's SVR mortgage?
With lenders SVRs at around 4% it is no longer the case they offer a competitive option when a fixed rate term comes to an end.
If you are paying a rate of around 4% then you could be paying far more for your home than you need to.
For many home-owners mortgage repayments are the largest monthly outgoing, in some cases mortgage repayments can be almost 50% of monthly income. With this being the situation for many, it makes sense to get repayments down as low as possible, and this is unlikely to happen if you are on your lender's SVR.
As interest and mortgage rates rise those on variable rate mortgages are likely to be impacted the most.
If your finances are already stretched, then having to find extra each month to cover a higher mortgage repayment could spell financial disaster.
To avoid being impacted by rising rates review the UK mortgage market to find a better deal to switch to. This can be daunting with so many products on offer with varying criteria, therefore to get the very best remortgage for your circumstances you are strongly advised to speak to an independent and impartial mortgage expert.
For an entire mortgage market review call 0800 048 8828 and switch to a lower rate than your lender's SVR.
For independent mortgage advice speak to an expert at Deal Direct, we can make a personalised mortgage search on your behalf. Alternatively to get an immediate online quote just click the button below.
Call Deal Direct on 0800 048 8828 or click below.
Let us beat your current mortgage offer and save you money.
