What do I do when my fixed-rate mortgage comes to an end?

What do I do when my fixed-rate mortgage comes to an end?

Fixed-rate mortgages, they either give you fond memories of beating the system with a great interest rate or bad memories of paying over the odds for your repayments.

A mortgage is one of the biggest outgoings you’ll ever have in your life, and where the biggest chunk of most people wages go to, so why are so many people not clued up when it comes to getting a great deal?

Its common practice seeing customers come through our door with bad rates from a previous deal, and they can all be avoided by better planning.

Act before it’s too late

We can’t stress this enough, but please don’t leave it until the last minute to pick your next fixed-rate mortgage.

You wouldn’t believe how many come to us with a month, week or even days left on their existing deal and expect to save a considerable amount of money.

Leaving it that late is unlikely to save you any money at all, with the only offers on the table those with variable rates of interest.

When is the best time?

From past experiences, anywhere from 3-6 months before your deal is due to renew is best.

By starting the search early, we can compare the biggest range of mortgage lenders, and work out how we can save you the most money.

The more time you give us to search, the more chance we will have of securing the lowest rate of interest and putting more money in your back pocket.

Last year, we had people saving in the region of £140 to £200 per month in certain cases. There were no tricks involved, just a savvy saver who gave Warrington Mortgage Centre enough time to help them secure some great savings.

Being on the pulse when it comes to remortgaging does pay off, and don’t just take our word for it!

Then what happens?

We’ll go through all the best options, agreeing on the number of years for the fixed-rate and then we go from there.

Not only do we weigh up whether it is worth moving lenders, but we can also try and negotiate similar deals with current lenders, who may reward you for your loyalty.

You’ll start to notice the savings immediately, whilst you can put the mortgage worries to the back of your mind until it comes to renewing again.

Why Warrington Mortgage Centre?

Unlike other mortgage help providers, we offer a one-time fee for lifetime service.

Being from Warrington ourselves, the town is truly our home, and that extra passion means we are always on the ball to find our customers the very best deals.

A family-run business that you can trust, with 24/7 access? Choose Warrington Mortgage Centre.

If you need any help on remortgaging, or when is the best time to change, then give our team a call on 01925 573328 and we’ll be more than happy to help.

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