What can your current lender do for you?
In my 21 years of experience, working as an expert mortgage and protection adviser, I have come across many new clients who have signed up to a particular mortgage lender and have then stayed with that lender, on the same deal for years later. They have completed their minimum term but not thought about what other products/deals may be available to them.
This in some instances, has been due to a lack of knowledge when it comes to mortgages, for others it’s because they have felt that they haven’t got time to shop around or see it as a hassle.
I can’t stress enough, just how important it is to look at what other mortgage deals are available to you, either through your existing lender or through a new lender.
It doesn’t need to be difficult and if you work with an expert mortgage adviser, all the hassle and time constraints are taken away.
Over the years’, I have knocked £100’s off my client’s monthly mortgage payments by providing expert advice and searching the whole of the mortgage market, to ensure that they get the most suitable, cost effective mortgage for them.
I met a new client last week who had 4 x buy to let properties with mortgages on all of them. They had all come to the end of their fixed term and my client was now paying over the odds on a variable rate.
I carried out a review and searched for alternative mortgage deals with new lenders and also looked at what his existing lender could offer. In this particular situation, there was no need to change lenders as his existing lender was offering a fantastic rate on one of their products. I was able to take care of all the paperwork, quickly and easily and put everything in to place, to ensure a smooth switch.
Remember, you might not need to switch lenders, your current provider could offer you something that’s perfect for you. All you need to do is ask.
Need expert mortgage and protection advice, Better Call Paul !