How much could you save?
PROPERTY in London is not cheap. Knocking 1.5 to 3.5 per cent off your annual interest bill can really make a difference. On an outstanding £300,000 mortgage, a two per cent fall in your mortgage interest rate will make you £500 a month better off. If you rolled from Yorkshire Building Society’s 4.74 per cent SVR to their lowest fixed interest rate of 0.99 per cent, you’ll pocket almost £1,000 a month in change. This is a saving many can ill afford to ignore.
Cash in your hands: with rates low remortgaging makes financial sense