22/01/2025
IS YOUR CURRENT FIXED RATE COMING TO AN END IN THE NEXT 6 MONTHS OR LESS? ⏳⏳⏳
Did you know that if you don't find a new deal before your current one ends, your lender will move you over to their Standard Variable Rate (SVR).
An SVR interest rate is what the lender sets at their discretion which is a variable interest rate so can change month to month! If interest rates rise, so will the SRV and the monthly payment you will make! Going onto the SVR will likely mean higher payments with a lot more being paid in interest payments.
THE GOOD NEWS 😊 - you can lock in a new deal 6 months before your current deal ends, allowing you to avoid going onto your lender's SVR. By securing a new mortgage offer 6 months ahead of time, we can then look for alternative deals if mortgage rates fall before the new mortgage deal completes.
Let us take away the uncertainty and stresses of finding a new mortgage deal. Chat to us today to discuss your options.
☎️ 07922 658 796
📧 [email protected]
Your home may be repossessed if you do not keep up repayments on your mortgage.
