Reduce mortgage uncertainty by remortgaging

Wednesday, 29th July, 2020
Reduce mortgage uncertainty by remortgaging

We imagine that by now, there’s a little COVID fatigue amongst the majority of you. After all, there are only so many news reports – all of which generally point to economic uncertainty – that one person can stand.

So, we’ll keep this as brief and upbeat as possible.

Amid all the uncertainty the UK’s currently faced with, there is one thing that you can be certain of, and it’s that finding yourself on a standard variable mortgage will significantly increase your mortgage payments. Another certainty is that by remortaging – ideally before you default to the standard variable rate (SVR) – you will save money on your mortgage.

Despite the impact of COVID-19, there are still great mortgage deals available on the market, so there’s really no excuse to settle for the SVR – ever.

According to research from comparethemarket.com, those about to fall onto the SVR could face paying an additional £2,000 a year – or just under £170 per month – in interest. The same research also suggests that up to 850,000 homes could be impacted by this within the next six months.

Our team of Guildford mortgage brokers are really hot on this, and we always ensure that all of our existing clients are made aware of when their current mortgage deal ends and the SVR mortgage begins. However, if you’re not one of our clients and aren’t aware of when you’ll enter SVR territory, then you’re unlikely to know until you spot an increase in your monthly mortgage payments.

The way to address this is easy. All you need to do is call Complete Mortgages on 01483 238280 or email info@complete-mortgages.co.uk and we’ll quickly establish where you are with your current mortgage, and offer you some options as to where you could be by remortgaging.

In these uncertain times we’d encourage you to fix certainty wherever you can – and getting a better mortgage is one way in which to do this, particularly as we don’t know what’s around the corner when it comes to interest rates.

Whether you’re looking to remortgage, get a first time buyer mortgage or arrange a buy to let mortgage, our team of experienced mortgage brokers in Guildford are here to help.

By Mark Finnegan at Complete Mortgages


Revisit, remortgage and save money

Thursday, 29th June, 2017

It’s funny. Everyone is always looking for a deal (myself included) and yet sometimes, even when the deal is right in front of him or her, they just can’t see it.

What’s even more ironic is that people can expend huge amounts of energy collecting loyalty points here and ‘50p off your next box of tea bags’ vouchers there, all the while missing out on the most important deal – and one that could save them hundreds of pounds each month.

The deal I’m referring to in this case is the often-overlooked remortgage.

As a Guildford mortgage broker I can honestly say that I don’t think I’ve seen as many instances where there is such a gulf between the mortgage our clients signed up for (call it point A) and the mortgage that they could have now, even with the same lender (call it point B).

Naturally, it is the Complete Mortgages team’s job to make our clients aware of how they could save money on a mortgage – or, to put it another way, how much they are overpaying on a mortgage. And that’s what we’re in the process of doing right now, much to our clients’ delight.

However, for many people – namely those who either don’t use a mortgage broker or don’t have a proactive mortgage broker, they might never know.

Whilst there’s lots to be said for the proverb ‘ignorance is bliss’, or ‘what you don’t know can’t hurt you’, I’m pretty sure that people would rather have the opportunity to change mortgage – or at least be alerted to the prospect of changing their mortgage – and that’s the purpose of this article.

If you’re one of those people who applied for a mortgage two or three years ago, when deals were great and seemed as though they couldn’t get any better, then this is for you.

Essentially, mortgage deals have got better and you could quite easily be saving hundreds of pounds each month as a result.

In some cases you could simply switch your mortgage to a different deal on offer through the same lender. Not only can we handle ALL the paperwork and application process on your behalf, but also our service is completely FREE for you.

Our usual fee is £399 however in the case of a simple mortgage switch with your existing lender, we wouldn’t charge you a penny.

Even in cases where a fee may be chargeable, the process of remortgaging could still work out financially beneficial for you in the long run.

Our advice is to contact a trusted mortgage broker to explore your options and discover how easy it is to save money on your mortgage. You may or may not want to use Complete Mortgages – or even a mortgage broker in general – but at least you can’t say that we never told you.

Are you looking to remortgage? Interested in finding out of you could save money on your mortgage by making a simple change to your current mortgage? If so, contact us on 01483 238280 or email info@complete-mortgages.co.uk. Remember, we’re also specialists in buy to let mortgages, adverse credit mortgages, limited company buy to let mortgages and first time buyer mortgages.

By Mark Finnegan, Director at Complete Mortgages