| Once you have a mortgage it doesn't
mean you’re stuck with it. Our advisors will review your mortgage
at regular intervals to ensure that you have the most suitable mortgage
for your circumstances. As things in life change you may need to rearrange
your finances. Your may need additional funds for home improvements,
child care, school fees, or you might want to shorten or lengthen
the term of your mortgage to match your pocket. By
reviewing your mortgage on a regular basis you can take advantage
of the current fixed rates, discounted rates or trackers. Our advisors
will search the whole market to make sure your mortgage remains
competitive throughout the term.
Standard Variable
Rate Mortgage - If you are on a standard variable
rate mortgage you have probably been with your current lender some
time. Most lenders set the standard variable rate at an amount above
the Bank of England’s base rate. If you have a standard variable
rate mortgage it may be worth remortgaging.
Fixed Rate
Mortgage - A fixed rate mortgage will give you peace
of mind as your interest rate and your monthly payments will stay
the same until the end of the fixed rate term – helping you
plan your finances and manage your budget for that period of time.
Once that period has expired the mortgage will revert to standard
variable rate.
Discounted
Mortgage - A discounted mortgage offers customers
the opportunity to pay a discounted interest rate for a set period
of time. You will pay a set discount below the lenders standard
variable interest rate for an agreed period of time. For the discounted
period you will have more money in your pocket for home improvements
etc.
Tracker Mortgage
- A tracker mortgage is a basic mortgage that tracks the Bank of
England’s base rate. These mortgages are usually for a set
period of time. And the end of the agreed period the mortgage will
revert to standard variable rate.
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