If your current mortgage has come to an end and you haven’t considered remortgaging, it might be a good time to consider doing so.
Banks and building societies have complained that borrowers are not taking advantage of their low mortgage rates and a reported 4 million homeowners are paying a standard variable rate.
“It’s increasingly important that borrowers consider a broker,” Aaron Strutt of Trinity Financial told The Times. “Obviously we brokers are going to say that, but when such huge savings are on offer, it really does make a difference.”
Approximately 54% of people remortgaging went to a broker in 2013, but this increased to 61% in 2014, according to the Mortgage Advice Bureau.
If you would like help to switch to a cheaper rate, call Trinity on 020 7016 0790.