Banks charging borrowers a £300-a-year mortgage loyalty penalty!

/ Jul 25, 2018 / No Comments / In Blog / By

When a fixed-rate mortgage comes to an end, lenders will usually offer a “product transfer” to customers meaning they can switch to a new interest rate rather than being shifted onto the bank’s variable rate. However, research suggest many customers simply accept this product transfer because it’s ‘easier’ than remortgaging! Problem is, it’s usually not the best deal available and could cost as much as £300 a year extra!

That sounds ridiculous to us! If its paperwork you’re worried about – why not let us take care of it all to make sure you get the best deal available to you. All without any fees!

Read the full article via The Telegraph by clicking here.

 

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