We are seeing more and more lenders offering mortgage interest rates that are under 5%, the lowest they have been for months.
As some lenders are offering sub 5% mortgage interest rates, others will look to offer the same to remain competitive in the market.
Did you know, you can secure a new mortgage interest rate 6 months before your current mortgage rate expires and if rates drop further during this time you can switch to the lower interest rate.
If you are within 6 months of your rate ending, contact us today!
If you are outside of the 6 months, make contact with us and we’ll talk to you about options and set a reminder to contact you at the right point.
Lenders Standard Variable Rates (SVR) are what you move to if you don’t take a new mortgage product with a lender, these are currently
- Barclays 8.74%
- Halifax 8.74%
- NatWest 8.24%
- Virgin Money 9.49% *