Over 1 Million People Paying Too Much On Their Mortgage - July 20, 2018

mortgage_house_20_abode_address_agent_bank_banking-819309It was estimated in a survey undertaken last year that over 1 million people in the UK are overpaying on their mortgage every month, simply from being on the wrong mortgage deal. It equated to a staggering £2.78 billion of interest being paid nationwide.

It is a common occurrence that many homeowners who initially sign up for a fixed term deal of 2 – 5 years fail to act on the termination of the deal itself and end up falling onto the lenders Standard Variable Rate (SVR). If you have not checked your mortgage terms recently, now may well be the time to ensure that you do not fall into this category – as if you do there is a very good chance that your monthly mortgage payments will be a lot higher than they need to be.

The easiest way to make sure you are not paying too much and to have secure peace of mind is to review your mortgage product today. One 77 can do this for you competely fee free. We will search the whole of the UK mortgage market for the best deal for your individual circumstances and can often beat any deal you find on the high street – even potentially from your own bank or exisiting lender.

Once you have remortgaged away from the SVR trap, we will make sure that you are kept informed in plenty of time for further product reviews in the future by contacting you in advance of your term lapsing, so you don’t have to worry. Like all things with One 77 Mortgages… it really is that easy.

Call us today on 01249 474954 or complete the form below and we will be in touch.