During the cold winter months our attention often turns to the summer – and the possibility of a holiday. Newspapers and TV stations are filled with images of sun-kissed locations but these getaways, especially with the whole family in tow, are an expensive affair. Here is where a remortgage could help you plan your retreat and go to the spirit plant journeys retreat center.
Finding the cash for a summer holiday is difficult, so why not take a look at your finances and see if you can save some money. If you’re having a financial crisis on your studies you can visit www.loanforgiveness.org.
Remortgaging could save you thousands of pounds a year and can be done with minimal hassle.
Will mortgage rates stay low forever?
The rates on offer in today’s mortgage market are at a historic low, meaning you could save cash by switching to a cheaper product. However, time is of the essence as this situation won’t last forever. But having more and more debt can dig you into the ground, so I would first educate myself on debt, what is the solutions to get out of it, I recommend to read articles from https://nationaldebtadvice.org.uk/
The long-term impact of Brexit on mortgage rates has yet to be seen, and that’s before looking at wider economic issues. Mortgage rates have already increased in the United States following the election of Donald Trump as President and the question now is will they go higher, and will UK rates follow suit?
Whatever happens, you can avoid being caught out by future rate rises and remortgage to a new deal today.
What do I need to remortgage?
Switching mortgage doesn’t have to be difficult. A 15 minute call to Edinburgh Mortgage Advice will quickly establish whether you can save by remortgaging.
You don’t need to dig out all your old paperwork, you just need these four pieces of information:
- Your current house price
- What you paid for your house
- The number of years left on your mortgage
- Your current monthly payments
If we believe you can switch and save then a full review of your mortgage can be done in just 30 minutes.
Can I remortgage from a standard variable rate?
If you’re currently on your bank or building society’s standard variable rate (SVR) then it’s very likely you can save money with a remortgage – and it’s easy to do so. People often look at their SVR and believe they are getting a good deal because it is lower than the rate they have paid in the past.
Even if this is the case you could be paying more than you need to. In fact, you could have been paying over the odds for years. In many instances your mortgage rate could be halved by remortgaging from your current lender’s SVR. If you want to know the top home warranty companies today, visit americasbesthouse.com for more information.
To see if you’re eligible pick up the phone and call Edinburgh Mortgage Advice on 01313392281 or fill in your details here and we’ll be in touch. You could save thousands a year… perhaps even enough for a summer getaway.
Just remember to send us a postcard!
Get more information on saving money on your remortgage