Although it could save people thousands in the longer term to switch their mortgage onto a new rate rather than remaining on the lender’s standard variable rate, it is more preferable to switch their energy provider than their mortgage deal.
A study by YouGov and a mortgage broker firm found that only 28% switch mortgage deals rather than 50% who have switched energy providers where on average the saving is lower than switching mortgage deals.
The time it takes to acquire a new mortgage deal may be quicker than when you last took out your mortgage so please don’t be put off by the expected hassle and time it could take. We will discuss all costs involved.
Buck the trend!! Speak to us today about remortgaging and the best mortgage deals on the market today!
Source: https://moneyfacts.co.uk/news/mortgages/people-more-likely-to-switch-energy-than-mortgage-deal/