Remortgages

Believe it or not, many banks keep their best deals for new customers, because they assume you will be too busy to switch, or you won’t look around and think that most mortgage deals are all the same.

This means you can potentially save a lot of money by having your whole-of-market broker check the market and make sure you are always betting the best deal.

Here is a recent case we have completed

Mrs B has an outstanding mortgage with Bank X;

Her fixed rate deal is coming to an end, and she would like another 2-year fixed rate product to carry on with.

These were her options;

Current Bank’s new deal;                                Monthly payment £539 no fees

Greendoor Mortgage’s new Deal;                  Monthly payment £499 no fees

This saves Mrs B £40 per month, or £960 over the 2 years of the deal, which she is delighted with.

Imagine how much saving you could make when you look at the mortgage over 25 years!

As an alternative, Mrs B could have used the saving to shorten the term of her mortgage and potentially retire earlier than she could have.

It’s quick and easy

Switching your mortgage is quick and easy. We can do it over the phone or in person, and it can take as little as 20 minutes for me to get your details so I can make a recommendation.

If you are good with computers, you can just email me your documents, but if you prefer, we can meet up to take copies for you.

Call or email me well before your current deal ends so I can make sure we get the best deal secured.

This example was calculated using an actual client scenario with available mortgage rates on the 12th March 2019. The figures shown have been rounded down to the nearest £1 in order to simplify the example. The balance of the mortgage was £89795 with 18 years left on the mortgage. Representative Example 3.77% APRC, based on borrowing £89795 over 18 years on a 2.09% fixed rate until 30th April 2021, giving 24 monthly payment of £499.16, followed by 192 payments of £582.55 on a variable rate (currently 4.19%).  Total amount payable £123,829.44, including the following one off costs – £0. There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances.  This will typically be £295. If the fee is more than this, you will always be told the exact fee before you proceed with an application. David Spoor T/A Greendoor Mortgage and Life is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.

Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you re-mortgage. ** As with all insurance policies, conditions and exclusions will apply.