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How To Get A Lower Mortgage Rate

Money : Mortgages

Here's a tip that people have used in the past and sometimes with success.

Why does this tip work? Because your mortgage is very profitable device for a bank or building society, therefore they will be very keen to keep you.

If your initial offer is expiring on your mortgage you will know it is cheaper, almost certainly, to now move the balance elsewhere.

However if you are happy with your bank apart from this, then before moving it write to the bank, or arrange a meeting, to let them know what you plan to do.

This can lead to discretion being used and a discount on the official mortgage rate being applied. For a few minutes writing or a quick meeting this can be well worth it as the potential savings over a large period of time are significant.


By: Fred

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