There are many reasons why homeowners choose to pay more each month to their mortgage lender than they should, but what if they could save £6480 over the next two years off their current mortgage payments, would that be motivation enough to look at some alternatives? For example, a homeowner with a property worth £200,000 and with a £150,000 repayment mortgage over a 25 year term on a lender’s variable rate of 4.84% would pay £862 per month. Now, the same amount of mortgage with another high street lender offering a two year fixed rate of 1.39% would cost you £592 per month – a saving of £270 per month.
At The Mortgage Shop we offer you mortgages from the whole of the market and deal with the whole process from start to finish, we believe in face to face advice which is why if you cannot come to us, then we will come to you at a mutually convenient time. With the strong likelihood that interest rates may rise this year, now has never been a better time to review your mortgage and see what savings could be made. Act now call us on 0800 567 7482 for general advice or an appointment.
Speak to one of our friendly advisers today to find out how we can help.