I'm on a Standard Variable Rate, Should I Leave my Mortgage Alone?

Many people don’t change their mortgage once they take it out. Whether they are on a fixed or variable rate, they let things stay that way. Ask most of them and they will not give you a concrete reason as to why they don’t do it – in fact, they will tell you that they had no idea that changing their mortgage could work to their advantage. The truth is that changing your mortgage could help you pay significantly less in the end. This is because interest rates vary from time to time. There is no law against changing your mortgage to take advantage of the best remortgage rates.

In addition to this, most lenders will give you a low introductory offer in order to attract you. All they are trying to do is get you to take out a mortgage with them instead of their competitors. After taking out a mortgage on an initial fixed rate, it is most likely that your lender will increase that rate once the fixed rate period ends. If this happens to you there is no reason why you should keep paying higher than necessary interest rates. You can change your mortgage and pay lower interest.

All this may seem very complicated to the layman. That is why it is important to talk to the remortgage specialists, Mortgage Advice Services. They are some of the UK’s leading mortgage consultants and they will help you get the best remortgage interest rates in the market. Mortgage Advice Services has been helping people find the best mortgages for years now. Not only do they get you a deal that you can afford, they will also help reorganise your finances in such a way that paying your mortgage is easy.

Mortgage Advice Services have made it very easy for you to use their services. All you need to do is fill in a simple online form. You need to tell them about your current mortgage and where you are getting it from and one of their consultants will schedule a meeting where you will give them a better picture of what you are looking for and also the shape of your finances. They take it from there. They will come back to you with remortgaging possibilities and also how you can afford them. They also deal with different kinds of insurance. You can find out more by calling them on 01332 257 087 or visiting their website, http://www.mortgageadviceservices.co.uk/remortgage.htm.

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