£42.6 billion worth of mortgages expiring over coming months
There is a significant amount of residential and buy-to-let mortgage rates expiring over the next few months.
Research firm CACI shows there is £42.6 billion worth of mortgages coming to the end of their fixed or variable rates between February and April 2019.
There are still an estimated £100 billion+ mortgages with a pay rate above 3.75% and equating to 1.4 million customers that could save money by remortgaging.**
Aaron Strutt, product director at Trinity Financial, "We are helping many of our clients to complete their product transfers and remortgage so they can avoid the high reversion rates. There is a lot of choice in the market and lenders are fighting it out to attract new borrowers."
January was a massive month for rate changes with £18.2 billion worth of mortgages maturing, and there will be a further £7.9 billion throughout February.
*CACI data, December 2018 **Barclays, January 2019
Call Trinity Financial on 020 7016 0790 to secure a remortgage
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