Tuesday, January 25, 2011
Fix-up; look sharp.
'If you haven't reviewed your mortgage product recently you may unwittingly be throwing away thousands of pounds. Borrowers sitting on their lender's standard variable rate (SVR) may think they have the lowest monthly repayments possible, but that isn't necessarily the case. Not all lenders' SVRs are competitively priced; there could well be be cheaper fixed-rate and tracker mortgages available.'