Time for a better mortgage rate?

Is your fixed rate mortgage about to end? It’s time to shop around.
April is set to be one of the biggest months for people’s mortgages maturing.
This means you are out of your current deal and doing nothing could leave you paying double the amount of interest if you allow your mortgage to revert to the lenders standard rate.
If your fixed or discounted mortgage is ending soon talk to the adviser team at Promise Money.
The lender you borrowed from last time may not be best for your current circumstances and may not be offering the best deals at the moment.
Promise Money’s lender panel represents the whole mortgage market and we will check which suits you.
Almost 140,000 mortgages will mature in April and people will be swapping to a new and better deal.
Those who don’t could see their rates increase by around 1.5% to 2%.
Will you be one of them?
Watch our video to see how a Promise adviser can help you.
Please call 01902 585020 or visit www.promisemoney.co.uk
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2 out of 3 borrowers get a lower rate than our representative example of a regulated secured loan below:
Mortgages and Remortgages
Representative example
£80,000 over 240 months at an APRC OF 4.3% and a discounted variable annual interest rate for two years of 2.12% at £408.99 per month followed by 36 payments of £475.59 and 180 payments of £509.44. The total charge for credit is £39,873 which includes a £995 broker / processing fee and £125 application fee. Total repayable £119,873.
Secured / Second Charge Loans
Representative example
£63,000 over 228 months at an APRC OF 6.1% and an annual interest rate of 5.39% (Fixed for five years – variable thereafter) would be £463.09 per month, total charge for credit is £42,584.52 which includes a £2,690 broker / processing fee. Total repayable £105,584.52.
Unsecured Loans
Representative example
£4,000 over 36 months at an APR OF 49.9% (fixed) and an annual interest rate of 49.9% would be £216.21, total charge for credit is £3,783.56. Total repayable £7,783.56.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
If you have been introduced to Promise Money by a third party / affiliate, Promise may pay them a share of any fees or commission it earns. Written terms available on request. Loans are subject to affordability status and available to UK residents aged 18 or over. Promise Money is a trading style of Promise Solutions Ltd. Promise Solutions is a broker offering products which represent the whole of the specialist second mortgage market and is authorised and regulated by the Financial Conduct Authority – Number 681423.