Preferred Mortgages
Has Preferred Mortgages recently increased your interest rate or monthly payments?
By speaking to a mortgage broker who can look at a wide panel of lenders, it may be possible to reduce your mortgage payments on what you pay with Preferred Mortgages.
If you remortgaged with Preferred a few years ago but at the time you had missed several mortgage payments, your interest rate could have been quite high as you could have been seen as a high risk.
If over the the last 12 months you have missed fewer/no payments, received less ccj's/defaults or received higher income, another mortgage company could see you as a lesser risk than Preferred and therefore offer you a lower interest rate.
Imagine car insurance. Every claim free year you have increases the no claims bonus available leading to a possible reduction in your monthly insurance cost when it is time for renewal.
Has Preferred reduced your mortgage payments this year?
Even if your car insurance goes down each year we all still shop around to try and reduce our premiums by a few pounds. Have you considered an alternative to Preferred Mortgages?
If we could save just 1% on your rate with Preferred Mortgages, on an average mortgage loan of £115,000 this could be a saving of £1150 a year and a saving of £28,750 over the standard 25 year mortgage term.
If we could save 2% on your rate with Preferred Mortgages, on an average mortgage loan of £115,000 this could be a saving of £2300 a year and a saving of £57,500 over the standard 25 year mortgage term.
What do you have to lose by contacting Crystal Clear Home Loans apart from that hefty mortgage payment every month? The only thing you lose by staying with your current mortgage company is money, contacting Crystal Clear Home Loans can potentially save you thousands.
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