Failure to understand their interest mortgage rate costs home-owners dearly.
A lack of understanding of the interest mortgage rate set by their mortgage provider is costing UK home-owners thousands of pounds in over payments each year.
It is believed that a large proportion of UK home-owners fail to grasp the real importance of maintaining the best mortgage deal on offer which is holding many back from making considerable cost savings.
Since the credit crisis mortgage rates have got lower thanks to the historically low BoE base rate. Many home-owners as a result have become very complacent about switching deals thinking that they already have the best interest mortgage rate on offer.
Many see a mortgage as the way to buy a house and once the purchase is complete it is something to be forgotten.
However with recent announcements of increasing mortgage rates many home-owners are starting to sit up and take notice.
Deal Direct are experiencing an increase in the number of enquiries received from home-owners wanting to know if their deal is the best on offer and if it is not they are asking to switch to a more competitive product.
Remortgaging to switch products is easy and advisable if you have a good level of equity and no early repayment charge, therefore call one of our skilled independent advisers today.
We recommend that even if you have not reached the end of your deal you check the interest mortgage rate you are currently paying and contact Deal Direct for an up to date mortgage market comparison. We can help you switch to a more competitive product.
