Mortgage Adviser Belfast, Saving YOU money by changing to a new lender

by | Sep 18, 2016 | Mortgage Adviser, remortgage advice, remortgages, Uncategorised | 0 comments

Fixed interest rate due to expire on your current mortgage deal? How to save money by Remortgaging.

If this is you then you are likely to be thinking about the following options…however believe it or not most customers think they have to stay with their current lender.

  • Sign up to a new mortgage product with your current Mortgage Lender.

Beware! This may not be the best deal available to you, and may be more expensive over the coming years. Our Mortgage Adviser Belfast advises shopping around, and this costs you nothing!

  • Do nothing when your fixed interest rate expires, you will then move onto a variable interest rate. This may leave you susceptible to interest rate rises which at every increase of interest rate set by the Bank of England would see your monthly mortgage payment increase.

The short term environment around interest rates has somewhat been shaken up in recent months following the Brexit vote to leave the EU, which has lead to short term uncertainty and interest rate decreases of 0.25%. The long term view is still very firm that interest rates will rise, so when considering your next mortgage product it’s wise to explore all of the options available to you, which our Mortgage Adviser Belfast will do for you and does not cost you anything!

  • Get in contact with The Mortgage Clinic and our Mortgage Broker will shop around for you and change to a new mortgage provider which gives you a better deal than your current provider. This is called remortgaging and will saving you money in the process ££.

Banks and Building societies rely on many customers staying with them and taking another deal with them, without knowing what their options are. At The Mortgage Clinic our mortgage advisors will shop around and analyse the 100s to 1000s of deals that are on the market that may be suitable for your circumstances, and arrange your next mortgage deal for you.

Mortgage Lenders these days openly compete with each other for your custom, and are prepared to offer incentives to make it worthwhile you moving away from your current mortgage provider. These incentives can include free legal fees, free valuation, no arrangement fees and cash back. We aim to find and recommend a new remortgage deal for you to move on to and arrange it for you, saving you £100s to £1000s.

Case study

Clients contacted The Mortgage Clinic in August 2016 looking to see what their options were. They were coming to the end of their fixed interest rate deal with their current lender Bank of Ireland. We shopped around for them and were able to secure a new mortgage deal that was better than what Bank of Ireland were offering them. We saved these clients £2777 by moving lenders for a new remortgage deal

It’s not just about finding you the right deal and saving you money, we will process your application, liaise with the lender on your behalf, dealing with all the paperwork and sorting out problems for you ensuring the process runs as smooth and stress free as possible.

Don’t hesitate any longer, contact us now to make that initial contact, we are standing by and would be delighted to hear from you.