The average
person moves home every 5 years. We think you will agree
that 5 years is a long time by any estimate. Along with
divorce and the loss of ones job a house move is recognised
as one of the most stressful events in peoples lives.
With all the other things that you have got to think
about it may seem that contacting your existing lender
is the best way to ensure that the mortgage is looked
after. This is a common belief but one that could sometimes
be very costly indeed.
All the major lenders have similar deals don't they
? Why search round to save a tiny percentage on the
rate, it's not worth it.
Well it is certainly true that searching round all
the lenders could take time. With around 2500 mortgages
on offer in the UK right now it's a pretty daunting
prospect for anyone.
How much does a "tiny" percentage save you
?
Well, if you had access to all the "deals"
on offer from all lenders it is likely that you would
find one that may save you around 0.25% on your current
scheme, and with similar terms and conditions.
The national average mortgage is £107,000 (£300,000 in London) and for this amount, a rate rise of just 0.25% will result in homeowners paying an extra £22.30 each month. Not much money you
might think, but over 5 years this will save you £1,100,
now that's worth thinking about.
How can Bond Financial Limited help you make these savings?
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