Halifax increase their standard variable rate.
After the news broke over the weekend that Halifax have increased their standard variable rate means millions of borrowers will be paying more for their mortgage, with other high street lenders sure to follow the lead set by the Halifax and increase their rates accordingly.
Q. Is it time to panic?
A. no, its not time to panic but it is time to change your mortgage deal, millions of borrower’s have been sitting for the past 2 or 3 years on relatively low standard variable rates but if these rates are to increase across the board after the precedent set by Halifax then now id the time to act and change to a fixed rate or a bank of England tracker rate and beat the bank as they look to increase their profit margins after posting losses the previous year. We have many bank beater remortgage deals available for existing and new borrowers across the board, pick up the phone or get in touch with us a mmibrokers.com to find out how we can save you money. There are still plenty of good mortgage deals out there in the market place today, don’t put your future mortgage payments in the hands of the bankers to increase the rates when they feel like it, or when their profits are slightly down on last year and they need to keep their shareholders happy. Fixed rate mortgages are really strong at the moment, and a fixed rate will enable you to budget towards the monthly payment for the fixed rate period knowing that you got one over on the bankers.
Call us now or go onliine, our expert mortgage advisor is waiting to speak to you now.