Dear readers, thank you for following my page. I just thought this will benefit all you home owners in the UK and of course, prospective home owners.
Just follow the link below for more information. Remember, what you do not know can kill. Ignorance is no excuse to your greatness
- See more at: http://comparisons.org/little-known-rule-allows-homeowners-to-switch-their-mortgage-at-a-lower-rate.php?aff=1205&sub=UK_Refi#sthash.yWHvAP2g.dpuf
Little Known Rule Allows Oxfordshire Homeowners To Switch Their Mortgage At A Lower Rate
Last updated: May 1st, 2015
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If you are like most people in Oxfordshire , you probably think the mortgage rate you have on your home is the best rate you can pay. We’re here to tell you that is not true.
In fact, many UK residents are surprised to learn that they can compare mortgage rates from different lenders, and save money on their mortgage by switching. And in some cases, save up to £250 a month.
Banks Are Competing, and UK Homeowners are the Winners
Most UK residents are gobsmacked when they learn how easy it is to go online and compare mortgage rates from various lenders. But today’s technology, along with the bank’s willingness to offer lower mortgage rates to better compete, have combined to create the perfect scenario for UK homeowners.
We do understand that years ago, comparing mortgage rates was uncommon. Only the very wealthy had the connections and ability to work with various lenders. But easing regulations have made an environment where various mortgage lenders can compete with each other, and they do not need a physical branch in your area to provide you with a cheaper mortgage.
But Not Every Bank is Happy About This
Your current mortgage bank probably doesn’t like the fact that you are now able to compare their mortgage rates with other banks. Why? Because once you find out the rates other banks offer, it’s likely you will switch your mortgage at a lower interest rate. Because, like we mentioned earlier, refinancing at a lower rates saves you money every month. Could you use (up to) an extra £250 every month? We thought you could.
How Do You Find These Rates?
There are a few free websites out there that will compare UK mortgage rates for consumers, and allow you to choose the best rate for you. Remortgage.Comparisons.org, one of the UK’s largest and most respected mortgage switch comparison shopping websites, is one of the few companies with a full complement of UK lenders on its network. It takes only 5 minutes, and the service is 100% free.
You owe it to yourself to pay the least amount of mortgage interest possible. Take 5 minutes and see how much you can save today.
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