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"Rate Tarts"
The mortgage
industry has coined the rather unflattering term
"rate tart" for people who move their
mortgage around frequently whilst seeking the
best deals on offer.
So called "rate
tarts" owe NO allegiance
or loyalty to lenders who have probably NEVER
shown them any!
1st4 brokers
believe people who look for the best deal for
their personal circumstances should be called
"RATE SMARTS".
THERE IS ABSOLUTELY
NO SHAME IN ARRANGING THE BEST POSSIBLE
REPAYMENT TERMS FOR PROBABLY THE LARGEST LOAN
ANY INDIVIDUAL OR COUPLE EVER COMMIT TO.
Moving
a mortgage has never been easier!
Example
Someone with a £100,000 loan who switches from
a standard variable rate deal could save about
£1,000 a year for each one-point reduction in
their interest rate.
Even
if you have recently remortgaged, a 1st4 broker
can still look at your circumstances AND see if switching
to a new lender would provide extra savings or release
further equity in your property.
How to save thousands by
remortgaging...
Low interest
rates means that it is an ideal time to
remortgage your property.
It is estimated
that more than half of all borrowers are
continuing to pay over the odds for their
mortgage each month.
Switching
to a cheaper deal is one of the easiest ways
that homeowners can save money.
Slash your
outgoings...
- Remortgaging
has become much easier in recent years.
- Depending on
your personal circumstances, 1st4 brokers
can often offer remortgages with free
legal and arrangement fees thrown in.
- You can also
use remortgaging as a way of releasing some
equity that has built-up in your property's
value.
- Borrowing
through your mortgage may be much cheaper
than taking out a personal loan, but the
debt is secured.
Where do I start?
Send 1st4 the terms and conditions of your
existing mortgage.
This will tell if
you are tied-in to your mortgage deal or if
there are any redemption penalties.
If you are
locked-in, you must decide if it is worth
switching to a different rate or stay put until
the penalties have expired.
1st4 will do the
sums for you free of charge WITH no
obligation.
A 1st4 broker
will scour the market for you and can often find
special deals, which are not available elsewhere
on the High Street.
Which deal is
best for me?
You will face a
choice of broadly four types of deal:
Fixed-Rate
Schemes
Ideal for people who want certainty and must be
able to regulate how much they will be spending
each month.
The rate is
usually fixed for between two and five years.
Discounted
Loans
A reduction off the standard variable rate for a
set period. (Note... many "rate
smarts" arrange another discounted
remortgage before the set period runs out)
If rates fall,
the rate that you will pay will also go down.
When rates rise,
your mortgage payments will go up.
Capped-Rate
Loan
Sets a limit on the rate you will pay.
If rates rise,
your payments will not go above that level. If
rates fall below the cap so will your
repayments.
Flexible
Mortgages
Overpay and underpay when you choose and without
penalty.
Ideal for people
who have fluctuating incomes or who want to
clear their mortgage early.
An
increasing number of fixed, capped and
discounted deals have more flexible features as
well.
RATE
SMARTS SAVE MONEY
USE THE SHORT
APPLICATION FORM NOW!
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