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Mortgages » Re-mortgaging
If your current mortgage deal is about to expire, you face the real danger of increased mortgage payments. If your original deal was based on the lenders standard variable rate then the chances are that the interst rate that will apply to your mortgage will be about 2% above the Bank of England base rate.
Currently the Bank of England Base rate is 5.25% and so most lenders standard variable rate (SVR) is currently 7.25%.
If you have a deal pegged to the LIBOR (london inter bank offer rate) then you have serious problems, because the current three month LIBOR rate is 5.59% so you could be facing even higher interest charges.
We want to help you keep you interest payments as low as possible, so to avoid the financial shock of much higher interest payments please call us on 0845 009 0064 for an initial no obligations discussion. Alternatively please fill in the enquiry form on our contact us page and we will call you at the time that you have specified