Have you remembered that your current mortgage arrangement with us comes to an end in November?
At the moment, you repay a fixed amount every month. But from December (and as agreed in your mortgage offer) that arrangement finishes and your mortgage will go back to being a variable rate mortgage.
In other words, your monthly repayments will go up and down in line with the Bank of England’s interest rate.
So… If you’re happy with the idea of a variable rate mortgage, then you don’t have to do anything. We’ll let you know, in writing, what your new payment will be before the existing arrangement expires.
If however, you’d like to see what other options might be available to you, then please get in touch. Setting up a new mortgage with us is a quick and easy process. Most of the paperwork is already in place.
You don’t have to supply proof of income or identity. Nor is there any need to get a solicitor involved. And in most cases, you don’t even have any surveyor’s bill to pay because there’s no requirement to get your home revalued.
It’s simply a case of deciding which of our mortgages appeals the most to you.
If you’ve enjoyed the convenience and certainty of fixed monthly payments, then please contact us as soon as you can — you don’t have to wait until November.