If you currently are on a fixed rate mortgage deal don’t fall into your lenders SVR “trap”, act now before your fixed rate mortgage deal ends

Anyone who fails to switch from their current fixed rate deals to a new deal is likely to see their monthly mortgage cost to rise by at least £100, as their lender switches them automatically onto their standard variable rate.

By contacting an independent mortgage adviser they could benefit from the current market competition, where current fixed rates are lower than for a long time and for a longer fixed rate period.

Switch With Us Before Leaving Your Fixed Period To Save

Borrowers who fail to review their options will be automatically moved onto the standard SVR which vary significantly, with many of them being raised in the past year despite the Bank of England base rate being held steady at a record low level since 2009.
With potential increases in house valuations during the intervening period of the previous fixed rate deal the lower loan to value ration may be an additional bonus also, particularly where the mortgage has fallen below 75% of the property value.
An independent Mortgage Adviser, such as Cullen Financial Services Ltd, can quickly review the market with you, and identify a rate and deal that best suits your circumstances. Lenders have struggle to meet their lending targets so far in 2019, due to borrower caution over the outcome of Brexit and therefore are reducing rates to attract new borrowers. This increased competition means that transferring to their current lenders new fixed rate deal means the customer misses out on more attractive deals elsewhere.

Mortgage Loyalty Can Cost You In The Long Run

The next steps to take in switching your Mortgage

1. Call Cullen Financial Services Ltd for an initial conversation, free of charge
2. They will review your current mortgage deal
3. We take your personal circumstances and objectives into account to understand how to best advise you

We will make a recommendation and if accepted will deal with all of the paperwork for you, potentially cutting the monthly cost of your mortgage, allowing you to borrow more for the same cost as your previous deal or reducing the term of your mortgage at no extra cost