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Published on : April 8, 2020 14:57

Are you at the end of your deal?

When your current mortgage deal comes to an end you might be tempted to do nothing and simply move on to your lender’s Standard Variable Rate (SVR).

However, by doing so you could risk your mortgage rate more than doubling.

SVR tend to be higher than the rates offered by other types of mortgage like a tracker.

In January 2019, the average SVR was 4.9%, compared to 2.52% for a two-year fixed-rate mortgage.

Over the life of the mortgage, this can mean paying thousands more interest than you need to.

Re-mortgaging to a better deal

Finding a new mortgage deal is a lot easier than getting your first mortgage.

You don’t have the stress of finding a home, working with estate agents, negotiating contracts or worrying about onward chains.

When it comes to re-mortgaging you could choose to stay with your current lender, and they might offer you something tempting to stay with them, but you don’t have to.

Switching to a new lender may seem like hassle you don’t need, but it’s worth the effort as it could mean you get a better rate.

Whether you’re staying with your current lender or moving to a new one, it can pay to get advice to help find the most suitable mortgage for your needs.

And that’s where we come in.

The value of our advice


We’ll look at your current deal and work out if there are any exit fees or early repayment charges.

Together, we’ll discuss your needs and future plans; whether you want to pay off your mortgage early or you’re looking for lower monthly repayments.

We’ll check any changes in circumstances and how they impact your financial plans.

For example, if you’ve taken advantage of a mortgage repayment holiday, this could affect whether you qualify for certain deals if you are looking to re-mortgage in the next 6 months,

But don’t worry! All you need to do is speak to one of our expert advisors before engaging with your lender and we’ll be able to help.

What’s more, we’ll complete your mortgage application and take care of the legwork for you.

As part of Openwork Ltd, one of the UK’s largest certified financial adviser networks, we can access competitive rates from most of the UK’s best-known lenders.

You may be able to save money if you switch to a new deal. Don’t leave it too late and end up paying more than you have to.

How can we help?

Here, we have a dedicated team of mortgage experts on hand to offer you professional advice and guidance.

Whether you want to book a mortgage appointment or have a chat about the mortgage market, get in touch.

We can take appointments over the phone or via video conference depending on your preferences.

Call our team today on 0161 443 4830 and book your free consultation.

Or click here to book your appointment online.

* Your home/ property may be repossessed if you do not keep up repayments on your mortgage.

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