Current research shows that borrowers on a standard variable rate mortgage could save literally thousands each year by re-mortgaging to a fixed rate. The average rate in April of this year was 4.14%. Moving an outstanding mortgage of £150,000 to a fixed rate product could save up to £6350 and that includes an arrangement fee too.
Despite the hints at an interest rate rise in August it is a great time for borrowers to secure a fixed rate deal. Low rates are not going to last forever so come and speak to us now rather than wait – there is money to be saved!