Interest Rate Reviews
At the end of your current term, your existing lender will encourage you to select a new product without any advice, but we strongly feel that such an important decision should always be considered carefully. You don’t have to stay with your existing lender when your current rate ends, you also have the option to move to a different one.
We offer a free mortgage review where we will compare your current interest rate (or the next rate offered by your existing mortgage lender) with the other rates available in the whole market to make sure you are on the best rate available for your circumstances. There is no pressure to take our advice, so if you want peace of mind to know that you are choosing the right rate, feel free to get in touch.
For existing customers, we routinely contact you six months in advance of your current rate ending to remind you to look at new options and avoid the expensive standard variable rate offered by the bank. We advise speaking to us at least four months in advance of your rate expiring to discuss your circumstances, but we can still help up to a couple of weeks before your rate expires.
What options do I have when my current rate ends?
Switch to a new interest rate with your current lender.
If you are looking for a ‘like for like’ mortgage rate, it sometimes makes sense to stay with your existing lender because there is less paperwork and usually no need to show your affordability.
Your existing lender will encourage you to sign up to a new deal directly with them. Please speak to us before signing up for a new deal with your lender.
We will check that you are on the correct loan-to-value ratio (in order to have access to the best rates available to you) and whether other lenders are offering better rates. If your existing lender is offering a competitive rate we will complete the administration on your behalf and check that it is still the best rate for you before it starts. This is a completely free service offered to our customers.
Find a better interest rate with another lender
If your current lender is offering less competitive interest rates it may make more sense to move your mortgage to a new lender, known as remortgaging, as this may give you access to better interest rates and lower repayments.
Remortgaging may be a good option for you if rates in the market have decreased since you took out your original mortgage, if your financial situation has improved and you now have a higher income or a better credit score, or if your property value has increased as you may now qualify for more favourable mortgage terms with a new lender.
Happy Customers
We have been helping people arrange their mortgages for years; we are very lucky to receive many lovely cards and reviews, and we are thrilled that many of our customers recommend us to their friends and family.
Read our reviews
Help and Advice
If you have any questions, or would like some guidance before starting the process, we are happy to help.
Feel free to call us on 0118 4028971.
In the meantime, if you would like to know a little more about mortgages, please take a look at our FAQs.
Why Clark and Poole?
We have a very experienced team – our advisers have been helping people arrange their mortgages and life insurance for over 30 years. We are driven by a desire to get our customers the best deal and importantly we aren’t governed by the sales targets of any organisation – we act solely in your interests.
It is fair to say that we aren’t easily beaten and enjoy the challenge of getting customers a mortgage where other advisers have been unable to help. We are extremely tenacious and will pull out all the stops to get you what you need. If you hit any bumps in the road, we will fight hard on your behalf to resolve the issues.
Get in touch
Arrange a free consultation now - call us on 0118 4028971
