Why rate switch?

These days there are many different kinds of mortgages to suit borrowers differing circumstances. Interest rates can be fixed or discounted for specific periods or can be variable for the whole of the term.

'Rate switching' is a way of considering your choices and making sure you have the best mortgage available at that time.

It is an easy way to avoid paying high variable rates by taking advantage of current fixed or discount mortgages which have lower rates.

You can also use rate switching to raise additional money to spend as you choose. If you have owned your property for a few years, it is likely the value has increased allowing you to borrow more.

What is involved?

We make rate switching easy. As your mortgage will remain with us, there are no administration costs.

This also means no
credit checks;
bank statements;
salary slips;
property valuation;

But more importantly, there is no fuss!

We treat all customers, both new and existing, with the same exceptional level of care, meaning our full mortgage product range is available for you to choose from.

So what do I do next?

Our 'making it easier' initiative means it is easier than ever to switch your existing mortgage rate.

Two months before your mortgage product is due to end we will write to you detailing your available options. Alternatively, if you are currently on a variable rate and not benefiting from a mortgage product, contact us now.

It is so simple we can even complete the application process over the phone or through the post. Any forms will already have your details populated within them, all we need you to do is sign a declaration.

You can, of course, still pop in to your local branch to discuss your options in person, often without an appointment.

Depending upon your chosen mortgage product, you may have to pay an arrangement fee, however this fee is added to your mortgage meaning there are no up front costs at all.

If you would like more information on switching your existing mortgage rate, please click here.