0208 364 3444
If your mortgage deal is due to end in the next 3 to 6 months, now is the time to take action.
Hundreds of thousands of homeowners who locked into two-year fixed-rate mortgages in 2023 could be in for a welcome reduction in repayments. At that time, the average two-year fixed rate hovered around 5.06%.
Fast forward to today, and equivalent deals are available closer to 4% with some five-year fixed rates as low as 3.93%. Plus, with the recent Bank of England rate cut to 4.25%, even more competitive options could soon appear.
Save thousands over the course of a year
If you wait until your current deal expires and fall onto your lender’s standard variable rate (SVR), you could end up paying thousands more each year in interest.
Recent market analysis carried out by Compare the Market found that the typical borrower could save £597 a year on a new two-year fix, and as much as £940 on a five-year fix — simply by switching at the right time. On the flip side, letting your deal lapse could cost you over £2,800 extra per year on an SVR.
We can help – Six months ahead of time
At Mortgages & Insurers Solutions, our award-winning team can help you secure your next mortgage deal with up to six months before your current rate ends. This gives you time to lock in a competitive rate, stress-free.
With our Flexi-Lock service, we’ll help you lock in a great rate now, but if better deals become available before your new mortgage begins, we can reassess your options.
Speak With Our Team
With rates changing frequently and lender criteria evolving, professional guidance can make all the difference. Contact us today to discuss how we can assist you on 0208 364 3444 or click here to schedule a free consultation call.