To ask your own mortgage question email:I have significant mental health troubles and I haven't remortgaged because of this.I could have secured a much lower rate had I remortgaged. Instead, I have remained on my lender's standard variable rate which is much higher, costing me tens of thousands in interest.SCROLL DOWN TO FIND OUT HOW TO ASK DAVID YOUR MORTGAGE QUESTION
RELATED ARTICLES Share this article Share HOW THIS IS MONEY CAN HELP Typically this will be the lender's standard variable rate . These are generally a lot higher than the rates they could get if they shopped around for a new fixed deal. If we went back far enough lenders would not have been quick to offer existing customers deals to move onto. That would often see borrowers drift onto SVR without any other option on offer.
Where the mortgage payments have been kept up and there's no change to the mortgage amount, lenders won't require any new affordability checks, so they will not have had any need to get in touch with you directly about your mortgage.