Excellent time to review your Mortgage!
With mortgage rates at record lows there has never been a better time to remortgage.
Industry experts are now predicting that the Bank of England base rate will stay at 0.5% until late 2019/early 2020 and this recent article in the Daily Telegraph highlights this further.
Around one third of UK borrowers are currently sitting on their lenders Standard Variable Rate. This is the default rate you move on to after your initial rate comes to an end.
Mortgage borrowers can save thousands of pound a year by switching their mortgage on to one of the many low rates available at the moment.
Some lenders standard variable rates are as high as 5.99% with current rates as low as 1.39% including free legal fees and free valuation, this is worth addressing now while there are savings to be had.
To book an appointment with our specialist mortgage team, please contact us via email or by calling 0141 572 1340