We contacted Nicola as she had been recommended to us by our solicitor. We are genuinely delighted with the service she provided and will definitely use her again in the future and recommend her to others.
Our advisor Nicola was with us every step of the way and her extensive knowledge and impartial advice removed any extra unwanted stress from the process.
We would not hesitate to recommend her to our friends
and family and look forward to using her again in the future.
Is your current mortgage lender really giving you the best possible value for money?
Some homeowners could actually be losing out by sticking with the same lender for longer than is good for them.
Whether it’s due to brand loyalty, or that they just can’t be bothered with the perceived hassle of looking for a new deal and remortgaging.
The fact is many mortgage customers aren’t as active in seeking out alternative deals as they might be with other financial commitments such as their credit card, car insurance or electricity supplier.
If you are one of the many mortgage customers who are getting a raw deal from their current lender, now might be the right time to take greater control of your household finances and look at your options.
The first and perhaps most important step is look at your existing mortgage deal and understand your current circumstances.
Is your mortgage already on a preferential deal such as a fixed rate, capped rate or tracker?
Are you tied to your current mortgage deal and will penalties apply if you move your mortgage to another lender?
Are there any other deals on the market that might better suit your current financial position?
Finding the answers to some of these questions is actually easier than you might think.
Every year your lender sends you a mortgage statement.
Apart from listing your payments and mortgage balance, it also includes vital information about any deals (or “products”) that apply to your mortgage borrowing.
For example, any tie-in periods and Early Repayment Charges that will apply if you repay your mortgage or take it to a new lender.
In particular, check whether all or part of your mortgage is on the lender’s “Standard Variable Rate” or SVR,
The SVR may well compare unfavourably with other mortgage deals that may be available, even from the same lender.
The presence of an Early Repayment Charge (ERC) will also have quite a big influence on whether or not it will be to your advantage to remortgage to a new deal.
ERCs are linked to a particular mortgage product and are designed to allow the lender to recoup their losses if borrowers come out of a deal before the agreed end date.
The charges usually amount to several hundred, or even thousands of pounds.
Often this negates any potential savings that you might make by remortgaging to a new deal with a different lender.
The historically low Bank of England base rate (and correspondingly lower Standard Variable Rates) has resulted in a relatively sluggish remortgage market in recent years.
However some analysts are predicting an increased demand for remortgage deals in 2015–2016, potentially driven by a rising bank base rate.
It may therefore be to your advantage to explore your remortgage options sooner rather than later.
Call Glasgow’s Malleny Mortgage Solutions today on 07812 125840 today for an initial consultation.
Nicola and Gregor will discuss your requirements and give you a fast no-obligation remortgage quote.
Alternatively, enter your details in our request a call back form and Nicola or Gregor will call back at your requested time slot.
We look forward to helping you find the right remortgage deal soon.
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Our fee for Mortgage Advice is between 0% and 1% of the loan amount, payable on application. Typically this will be £495.