Your mortgage is likely to be your biggest financial commitment. Therefore, streamlining the largest debt can produce the largest saving - sometimes £1,000s each year.
If you’re the kind of person who shops around, then you’re missing a trick by not using Mortgage Monkeys expertise to search 1000’s of products so that you can save money on your mortgage too.
Your current mortgage deal has ended, and you will be moving to a much higher interest rate, usually called the Standard Variable Rate or SVR.​
You want a better rate than your current deal. Even with early repayment charges you may save money by switching.
The value of your home has gone up and a better deal may be available with your new, lower Loan-to-Value (LTV).
You are worried about Interest Rate rises. You may want to consider moving from a variable to a fixed rate.
You want to switch from an Interest only Mortgage to a Repayment one and start to decrease your debt.
You want to overpay but your lender won’t let you.
You want to borrow more, maybe for home improvements.
Your mortgage is likely to be your biggest financial commitment. Therefore, streamlining the largest debt can produce the largest saving - sometimes £1,000s each year.
If you’re the kind of person who shops around, then you’re missing a trick by not using Nepali Mortgages expertise to search 1000’s of products so that you can save money on your mortgage too.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Your current mortgage deal has ended, and you will be moving to a much higher interest rate, usually called the Standard Variable Rate or SVR.​
You want a better rate than your current deal. Even with early repayment charges you may save money by switching.
The value of your home has gone up and a better deal may be available with your new, lower Loan-to-Value (LTV).
You are worried about Interest Rate rises. You may want to consider moving from a variable to a fixed rate.
You want to switch from an Interest only Mortgage to a Repayment one and start to decrease your debt.
You want to overpay but your lender won’t let you.
You want to borrow more, maybe for home improvements.
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Approved by the Openwork Partnership on 28th May 2024