The Telegraph - Revealed: the secret mortgage deals your bank won’t advertise
Many homeowners think they should switch to a new bank once their mortgage deal expires. Yet staying with an existing lender may be the best option, as banks offer increasingly attractive deals to keep hold of customers.
Aaron Strutt of Trinity Financial, told The Telegraph: “Most lenders offer special product transfer rates. While some charge a premium for these deals, others can undercut the cheapest rates in the market.
“Banks and building societies often contact their customers up to five or even six months before their rate expires to get them to commit to another deal, and sometimes they even waive the early-repayment charges.”
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