Could you be saving money on your mortgage?

If your mortgage is on a standard variable rate then you may be missing out on an opportunity to save money on your mortgage payments. So why not shop around for your mortgage as you would with your other monthly outgoings, it might even be the biggest saving you make.

Data from Virgin Money has stated that as many as 70% of homeowners could reduce their monthly outgoings by transferring from a standard variable rate product to a fixed rate mortgage*. This is due to the attractive low mortgage rates the market is experiencing currently.

Depending on your needs and mortgage requirements, reviewing your finances and remortgaging could also give you extra flexibility on your mortgage term and how you pay your mortgage. As an intermediary we offer advice on a variety of remortgage options, so you can receive the right product for you in what may seem like a mortgage maze.

So what are the main reasons to consider a remortgage?

• Reduced monthly repayments

• Extra flexibility on your mortgage term

• So you can borrow more money, possibly for home improvements or to pay off other

• debts

• Your current deal is about to end

• The value of your home has increased substantially

• Ensure your mortgage meets your personal and financial needs

Have your circumstances changed?

Throughout our lives our circumstances often change which means that the level and type of insurance you need may need to be reviewed. Therefore, whilst considering your mortgage options it is always worth discussing your protection needs to make sure they match your requirements.

Speak to our adviser today to find out more about remortgaging and how we can help you protect your home and lifestyle.

*Based on Virgin Money assumptions as to the new business interest rates available to, and savings achievable by, borrowers remortgaging away from a standard variable rate. This uses stock residential mortgage data from the CACI mortgage market database, 31 January 2017