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February 2013 Newsletter – Could Now Be The Right Time To Re-Mortgage?

February 25th, 2013 | No Comments | Posted in Monthly Newsletters

The Mortgage Store - Time to re-mortgage

Moving your mortgage could result in saving you money. We have seen a number of lenders reducing their mortgage interest rates recently for both fixed and tracker products, many of which are now offering rates lower than most lenders’ standard variable rates (SVR).

This means if you are currently on an SVR mortgage, now is a great time to consider re-mortgaging to another lender or transferring your mortgage with the same lender.

Last year we saw a number of lenders also increasing their standard variable rate (SVR), meaning your monthly mortgage payments would increase if you are a borrower on SVR with these lenders.

Despite the Bank of England Base Rate staying at an all-time low, we have seen lenders SVR increase up to 5.99%* and we may see more increases later this year.

It is always a good idea to keep your mortgage under review to see if you are on the best rate for your circumstances. There are many options currently on the market, including product transfers with your existing lender. These types of offer can often mean there are no upfront fees to pay.

Here at The Mortgage Store we can take the hassle out of re-mortgaging and can help find the best deal for you. We are able to provide a full advice service and guide you through all the options available. There are many things to take into consideration when taking out a mortgage such as general insurance and protection.
Thankfully we offer a full service in insurance and protection so why not contact us today?

For further details or to arrange an interview please use our ‘Contact’ Page.

For a PDF version of this newsletter please click the PDF icon: The Mortgage Store Newsletter February 2013 PDF

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  • The Mortgage Store (TMS Ltd.) is a firm of professional Advisers who specialize in all types of Mortgages and Related Insurance Services.

    For Free Advice on Mortgages and related Insurance Services or Use our CONTACT Page to send us a message

  • FEES:
    We are normally only paid by way of commission from the lender, Alternatively you can choose our Fee Only option where you pay us a fee instead and we rebate our lender commission to you. Depending on your circumstances there might be an additional fee charged for mortgage advice, and if so it will not exceed 1% of the mortgage amount.
    Your home may be repossessed if you do not keep up repayments on your mortgage.