My wife and I have a mortgage that is coming to the end of its term. However, we are also very worried that with UK leaving the EU and the effect this could have on interest rates. We have 15 years left on the deal, but we are confused about what our options are. Would it be best to go on to a standard variable rate, get a tracker or should we remortgage?
It's always a good idea to review your mortgage shortly before the initial period expires. Unless you are on an extremely low, pre-credit crunch reversion rate, you could potentially save thousands of pounds by remortgaging. Only you can decide what type of rate is best for you but currently fixed rates are pretty much the same price as variables and trackers, so they are worth considering.
If you prefer a mortgage adviser to review your existing arrangement, do get in touch on 0345 3456788.
1st January 0001