If your current mortgage deal is approaching its end your mortgage lender should offer you a new deal to stay with them, this is known as a product transfer. You are under no obligation to stay with your current lender you can shop around for deals wherever you want.
Unfortunately, most lenders don’t reward you for your loyalty to them. It’s unfair but it’s most likely that they’re offering First Time Buyers a better rate than existing borrowers like you.
This is why we always recommend that you don’t rush into things and get Mortgage Advice in Grimsby before accepting a deal. It can be hard to find a competitive deal with the same lender and that’s why we advise in shopping around first or approaching a Mortgage Broker in Grimsby.
A Mortgage Advisor in Grimsby will search through thousands of mortgage deals until they find one that matches both your personal and financial circumstances. Here at Grimsbymoneyman, we will always have your best interests at heart and will try our absolute best to secure you that 1/1000 mortgage deal.
Whilst swapping to a new deal with your current lender via an online switch may be easy, it is always in your interest to see what other deals you may be eligible for. Lenders will always try and tempt you to take their online offer over getting Mortgage Advice in Grimsby. They probably know that you can get a better deal but why would they want you to know that this is why taking Mortgage Advice in Grimsby can really help!
When you go to your local Mortgage Broker in Grimsby, like us, you are guaranteed consumer protection. If you decide to go ahead with an online switch, you don’t receive any of this.
In past, we have seen that some customers just go for the most convenient option. This often leads to them missing out on a great deal that they could’ve accessed had they taken things slower or approached a Mortgage Broker in Grimsby.
You should always take advice, especially if it’s free! At Grimsbymoneyman, We offer a free mortgage consultation to every single customer. We will do all of the shopping around for you across our panel of 38 lenders in order to find an amazing mortgage deal.
If you end up on the wrong deal by accident or realise that you could’ve had a better one down the line, you can’t complain as you chose to opt-out on advice and do everything on your own through an online switch. Switching deals in the future will cost you a lot more than had you taken Mortgage Advice in Grimsby.
We have been working within the mortgage industry for over 11 years now and know exactly how to find you a perfect mortgage deal. We can arrange everything for you and help get the ball rolling with your product transfer.
Even if your requirement seems straightforward we always recommend that you take Mortgage Advice in Grimsby. A second opinion costs nothing and making a mistake when taking a new product can be costly.
90% of the time, there is a way to save money, for example, this can be done by simply searching the market for a new deal. Let your local Mortgage Broker in Grimsby help you secure that excellent deal, we can’t wait to hear from you!