We have been writing about fixed-rate vs standard rate mortgages a lot recently. An editorial by Richard Adams in Mortgage Strategy helps explain why fixed-rate vs. SVR (Standard Variable Rate) mortgages are such a prominent topic – and the reason is simple:
Most borrowers are on SVRs. The number has gone up from 49 per cent in 2007 to 67 per cent this year. Yes – an 18 per cent increase and one which moves the discussion from almost half to comfortably most.
Adams reckons now is the time to seriously consider moving from your SVR to a fixed-rate mortgage.
We agree. It is the perfect time to look at your mortgage rates, and start shopping around with one fact in mind: interest rates are likely to increase.
We help people find the right mortgage – whether it’s to buy a first home, or to move to the best deal on a remortgage.
Give us a call, and we can get started.