With £28bn coming off fixed rates before the end of the year, First Complete and Pink are urging brokers to check their back books and make sure consumers understand their remortgaging options before the end of the year.
The networks also said it was an opportune time for brokers to revisit clients' protection needs. Meanwhile, borrowers could save "thousands of pounds" by remortgaging. Now is the time for people to review their current mortgage deals and consider remortgaging, especially for those on an SVR or coming to the end of a mortgage term, the companies said. First Complete and Pink have been campaigning across the country during their mortgage forums in October to encourage brokers to reach out to their clients. Following the recent decision to reduce interest rates to 0.25%, lende...
To continue reading this article...
Join COVER for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, key trend analysis and industry insights.
- Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
- Receive breaking news stories straight to your inbox in the daily newsletter.
- Members only access to monthly programme 'The COVER Review'
- Be the first to hear about our CPD accredited events and awards programmes.
