Do you know if you could benefit from remortgaging? If not, the first step is to compare your current interest rate to those currently available on the market.
Several surveys over recent years have shown that a substantial minority of people have no idea what their mortgage interest rate actually is.
Interest rates on the rise
If you’re unsure about your mortgage interest rate, now is the time to find out, with Base Rate on the rise. If you currently have a tracker or discount mortgage, or are on your lender’s Standard Variable Rate, it’s likely you’re already feeling the impact on your bank account. So, now would be a good time to lock into a fixed rate deal before interest rates rise any further.
Understanding your current financial situation is the first step towards improving it. Don’t stick your head in the sand – we can help you to assess your current mortgage rates, and whether more favourable options are out there. Please get in touch to find out whether you could save on your mortgage.
As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments.