Book Consultation Talk to an Expert Mortgage Questionnaire Mortgage Calculator

Millions of homeowners would be better off remortgaging to another lender

Aug 12 2013

With so many banks and building societies offering exceptionally low rates, millions of homeowners should consider switching to a new mortgage lender, according to research by Standard & Poor's. Their findings show that more than half of borrowers could save money by switching to a cheaper mortgage rate. Moneyfacts, the data comparison firm, says that the average standard variable rate is 4.87% and with best buy mortgage rates readily available below 2%, there are potentially huge savings to be made. This table may help you to decide how competitive your rate is:

Mortgage lender	Standard variable rate
Abbey	4.74%
Alliance & Leicester	4.99%
Chelsea B.S	5.79%
C&G	2.5% (Pre - June 1, 2010) and currently 3.99%
Halifax	3.99%
Nationwide Building Society	Old SVR 2.5% - New SVR 3.99%
Virgin Money	4.79%
Royal Bank of Scotland	4%
Scottish Widows	3.99%
Barclays/Woolwich	4.99%

What rates are available? Trinity Financial has access to some of the lowest rates in the market, for example, Halifax for Intermediaries is offering an impressively low two-year fixed rate at 1.89% and it has a £1,499 arrangement fee. The lender will pay the remortgage costs and the deal is available to a maxim of £1 million. For those looking for long term payment security, NatWest for Intermediaries has a five-year fix at 2.79% and it has a £995 arrangement fee. The maximum mortgage is £1.5 million. Tips to secure a better mortgage rate:

Call your existing lender to find out what the lowest rate is that they will offer you to stay with them.
Research the market to find out if you can get a more competitive rate.
If you have savings, ask your bank how much money you need to pay off of your mortgage to qualify for a lower rate and a better loan-to-value banding.
If you are switching to another lender, ensure they are offering a contribution to the property valuation and legal fees.

If you would like help to switch to a lower rate, call Trinity Financial on 020 7016 0790. August 12, 2013

As seen in

Get in touch

To arrange a meeting with one of our expert mortgage advisers complete our enquiry form or mortgage questionnaire and we will call you back. Please note, by submitting this information you have given your agreement to receive verbal contact from us to discuss your mortgage requirements.

You voluntarily choose to provide personal details to us when submitting an enquiry. Your information is confidential and held in accordance with the appropriate data protection requirements. Read Trinity Financial's privacy policy.

Your first name: *
Your last name: *
Your contact number: *
Your email address: *
Your preferred date: *
Your preferred time: *
How can we help you? *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Other ways to get in touch

020 7016 0790

enquiries@trinityfinancialgroup.co.uk

Whatsapp 077805 31022

Mortgage Questionnaire

155 Upper Street, Islington, London, N1 1RA

Google Reviews

We believe that working together is the best way to gain trust, reliability and certainty.

It was a great experience to use Trinity. David was easy to communicate and worked very efficiently to give me the diffe...

It was a great experience to use Trinity. David was easy to communicate and worked very efficiently to give me the different mortgage options. Overall really helpful and hassle free to find the best deal.

Less

Celia H Mar 20 2025

Scott’s speed at replying, his excellent communication, his contacts within the industry and professionalism were ...

Scott’s speed at replying, his excellent communication, his contacts within the industry and professionalism were outstanding. Scott makes you feel like you’re getting a truly personal service, even from a director. We have another property that’s even better suited now, but I would never choose to work with any other mortgage provider again. Many thanks Scott and your team for all your help and support.

Less

Rachael Ward Feb 01 2025

Many thanks Luisa, Daniel, Correll and Connor for your amazing support. You were incredibly professional, diligent and s...

Many thanks Luisa, Daniel, Correll and Connor for your amazing support. You were incredibly professional, diligent and supportive. If anyone needs a reliable and responsive team to accompany them on their home buying journey, I can't recommend enough the Trinity Financial team!

Less

Mariam Diarra Jan 20 2025

years' experience

Over the last 16 years we have helped thousands of clients to purchase new homes, secure buy-to-let mortgages and remortgage.

mortgage experts

Trinity’s experts will do everything possible to secure the fastest mortgage offers while providing you with regular progress updates.

17,844

mortgages arranged

We consistently arrange fantastically priced fixed and tracker rate mortgages through the leading banks and building societies.

Millions of homeowners would be better off remortgaging to another lender

Get started today

Get in touch

Other ways to get in touch