Published: 27/01/2022With the UK Inflation rate at its highest in 30 years at 5.4% and a predicted rise in energy costs and Council tax bills, many households are already feeling the strain.
While we cannot do much about the rising living costs, one of our biggest monthly outgoings are our mortgage payments.
Depending on your mortgage balance and your current interest rate, you may be able to reduce your monthly mortgage payment which will help towards tackling these increases.
When you first take out your mortgage, it is likely it will have been on a fixed, tracker or discounted rate. These initial rates are always cheaper than the banks standard variable rate which your loan will revert to at the end of the deal.
With access to over 7000 mortgage products, we can research the market to find the best rate available to you to try and save you money on your monthly repayments, easing the ongoing pressure of increased living costs.