Why switch to a new deal?
You might consider switching mortgages if:
- Your current deal is coming to an end - It might be a good idea to shop around for a better rate. The best time to start looking is 3-4 months before your deal ends.
- Your home's gone up in value - If you're in a lower loan-to-value band, you may find you're eligible for much lower rates.
- You’re looking for a better rate - You could make big savings, especially if you have a lot of your mortgage still to pay.
- You’re concerned about rising interest rates - Depending on the sort of mortgage you have, this could affect how much you pay.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Did you know?
83% of UK consumers switch mortgages for financial reasons, compared to 17% who opt for better service¹