The end of your fixed term is a great opportunity to shop around. SVRs are not designed to be the cheapest deal out there.
At the moment, some fixed-rate products beat SVRs by a fair margin. In fact, some are less than half! Many people could be saving £1000s over the next couple of years by moving into a new, fixed-rate mortgage to take advantage of the strong competition amongst lenders.
This doesn’t mean it’s always a good idea to jump ship. Some SVR mortgages don’t have early repayment fees, for example. But it is always a great time to consider your options!
So, let’s talk about your own mortgage, and we’ll make sure you have got the best deal you can.