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Can I move my mortgage to another lender if they are offering a better interest rate?

Yes. You can “remortgage” to another lender to take advantage of their better interest rates. If you are within your current mortgage’s initial rate period (i.e. a two-year fixed and you’re only 12 months into it) it’s likely that your lender will charge a penalty to repay that mortgage, so although there may be better rates they may not save you money. We can advise you whether it is beneficial to remortgage.
As part of our service, we will contact you as you approach the final few months of your existing mortgage deal to provide you with details of the options available to you. We don’t expect you to stay on the lender’s standard variable rate unless there are special circumstances that would determine this is best for you.

Can I move my mortgage to another lender if they are offering a better interest rate?
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Your home may be repossessed if you do not keep up repayments on your mortgage.

We charge a fee for our advice, the fee charged will depend on your circumstances- our typical fee is £295.

Model Financial Solutions Limited is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Services Authority.

 

​Company Number: 08237137 Registered in England & Wales
FCA Number: 592442 Compliance No. Sol9192

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