Preparation is key.
Existing homeowners, did you know the majority of lenders will allow you to secure a new product up to six months prior to your current products expiry date?
Speaking to your broker early doors benefits you in more ways than one. Not only will this save stress, it will avoid a last minute panic to avoid the lenders higher Standard Variable Rate (which can lead to poor decision making), it will allow you to protect against any rate rises for the next six months, whilst also being able to take advantage of any rate reductions.
It’s a no brainer. Act early, act smart.
Do I need a broker if I’m just doing a straight forward rate switch?
It’s hugely beneficial to have the help of a broker, even on the more simple transactions. You get yourself bespoke advice which in the current market is so so valuable, plus someone to keep an eye on the rates on offer, so should the rate reduce, this is all taken care of for you.