Did you know you can review your mortgage at any time?
Did you know that if you are on a fixed rate mortgage and you automatically switch to your lender’s Standard Variable Rate at the end of the fixed rate term this could be costing you more than you need to pay, over the life of the mortgage when comparing with a new fixed rate term.
The only way to be sure that you are getting the best mortgage deal is to regularly review your mortgage.
This doesn’t necessarily mean switching to a new lender. Often it is possible for you to negotiate a new fixed rate with your lender however, this takes up your valuable time.
It’s therefore a good idea to speak to a mortgage adviser who can also research the whole of the mortgage market to find the most appropriate mortgage for your unique personal circumstances.
Standard Variable Rates can rise and fall at the discretion of your lender. This means they offer no certainty as to what your monthly mortgage repayment will be, and whilst this is ok for some people, it doesn’t suit everyone.
We recommend that you review your mortgage with a mortgage adviser at least every two years or so to make sure your mortgage is in line with your financial goals and as your circumstances change as you reach what we call life’s milestones!
Your home may be repossessed if you do not keep up repayments on the mortgage.
At Four Oaks Financial Services, our initial consultation is at our cost and we can quickly establish whether it is worth you considering switching your mortgage.
Contact our Client Liaison Team on 01543 401029.
