Better Deals – Get a Better Mortgage Deal
Get started today! Call us to book an appointment on: 01904 235000.
Get a better mortgage
Want a cheaper mortgage deal in York or the surrounding area? Why pay more than you need to? Everyone’s trying to save a few pennies these days. So when it comes to renewing your mortgage, why wouldn’t you want to save hundreds of pounds?
Credit checks for remortgaging
We’re here to help you. Before we get started, you can click here to check out the Experian* website to find out your up to date credit history. This will show you what a lender will see. If you’ve had issues with credit in the past, don’t worry, we have specialist lenders who can look at this for you.
* * Please be aware that by clicking into the link you are leaving the MAPIO Financial website. Neither MAPIO Financial or PRIMIS is responsible for the accuracy of the information contained within the linked site.
We are MAPIO Financial, and we believe we can help you find a better mortgage deal
It’s easy to ‘send the paperwork back’ and stay with your current lender. Sometimes, that is the best thing to do. But then again, sometimes you could be paying more than you need to – how do you know, without checking?
MAPIO Financial offers mortgages from a panel of lenders which is representative of the whole of the market, we are based in York – and we’re here to help you get a better mortgage deal.
Contact us to book an appointment and have your current lender’s details with you. We can do a simple review of your affordability, take a look at your reasons for remortgaging, and start hunting down a better deal for you.
Why pay more than you need to?
We all like comparison websites for gas and electricity, so why not use an expert to compare your mortgage rate – and find a better mortgage deal?
When you’ve got a mortgage, it may feel easier to just renew at the rate they’ve suggested each year, rather than spend time looking for another deal.
But you might be surprised at what we can find. We may even have a deal that’s better than your current lender’s, WITH your current lender…
Set up a meeting that works around your work
Come into the MAPIO Financial office, here in the centre of York, or give us a call. Alternatively, we can chat with you online. Let’s set up a meeting and look at where you are with your current mortgage. Who knows, maybe we’ll save you hundreds of pounds each year?
Better Deals FAQs
How do I know if I can get a better mortgage deal?
If your fixed rate or introductory deal has ended and you’ve moved onto your lender’s standard variable rate, it’s likely that more competitive options are available. Even if your current fixed deal is still in place, it’s worth reviewing the market up to 6 months ahead of time so you’re well informed and prepared for when it ends.
By comparing your current rate with available options, an experienced mortgage broker can highlight any potential savings and guide you through the next steps with confidence.
Will switching mortgage cost me money?
It depends on your current mortgage deal. If you are still within a fixed rate or introductory period, there may be an early repayment charge for leaving early. However, if your deal has ended and you’ve moved onto your lender’s standard variable rate, there is usually no penalty for switching. Even where an early repayment charge applies, it doesn’t always mean switching isn’t worthwhile. In some cases, the savings from a lower interest rate can outweigh the cost of leaving your current deal early.
A mortgage broker can assess both scenarios for you, compare your current position against what’s available on the market, and calculate both scenarios so you can make an informed decision.
How often should I review my mortgage?
As a general guide, it is advisable to review your mortgage approximately six months before your current deal comes to an end. Mortgage rates and lender criteria are subject to regular change, and a product that was competitive when you originally took it out may no longer represent the most suitable option.
Reviewing your circumstances in advance allows sufficient time to consider available alternatives and avoid unintentionally reverting to your lender’s standard variable rate. Engaging with a broker ahead of your deal expiring can help ensure you secure the most appropriate and cost-effective arrangement for your circumstances.
Can I get a better deal if my property has increased in value?
If your property has increased in value since you first took out your mortgage, your loan-to-value (LTV) ratio may have reduced. A lower LTV can improve the range of mortgage products available to you. Lenders typically offer more competitive interest rates at lower LTV thresholds, such as below 75% or 60%.
As a result, an increase in property value may enable access to more favourable rate bands. A mortgage broker can review your current LTV position and identify which products you may now qualify for, helping you understand whether a better deal is available.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Ready to Find a Better Deal?
Contact us to book your meeting to get started.
Or call us to book an appointment on: 01904 235000.