Case Study –Remortgage | Significant Interest Saving

Property Value £700,000
Loan Amount £316,000
Location London
LTV 45%
Achieved Rate 5.42%
Completed October 2022
Adviser Courtney Flockhart

The Client

We initiated communication with our client to inform them that the term of their mortgage was approaching its conclusion. Understanding that our client, a busy barrister, had limited availability, we extended every effort to accommodate their schedule. Despite the delay in response, we were able to engage with them the day prior to their mortgage switching to the bank’s Standard Variable Rate (SVR), which would have resulted in an approximate rate increase of 5 percentage points.

Living room, new home mortgage