More Commentary
More Commentary
Press Commentary Press Commentary Archive The Daily Express The Daily Telegraph The Telegraph The Times and The Sunday Times BBC News Daily Mail and Mail on Sunday Financial Times Mortgage Strategy

This is - Are you paying over the odds for your mortgage?

Aaron Strutt Image

Homeowners whose lenders only pay down the interest on their home loan annually are paying thousands of pounds more for their mortgage than necessary.

Aaron Strutt from mortgage broker Trinity Financial told 'It is pretty shocking that some of the lenders are still calculating interest on an annual basis, particularly as the larger banks and building societies switched to a daily or monthly calculation years ago. 

'They made the changes as part of the Treating Customers Fairly drive, which is still regularly discussed within the industry today.

'Some of the lenders have different policies for new and existing customers, so it is worth checking to make sure your mortgage interest is being calculated on a daily basis and settled monthly. It could be costing you a fortune if you are on a standard variable rate or longer-term fixed deal and you make regular overpayments.'

Click here to view the full story

As seen in
sunday times telegraph financial times bbc news the express the times
Get Started

Get started today

Speak to one of our mortgage experts. Either book an appointment to come and see us, or request one of our experts to call you.

Book a Consultation Talk to an Expert