"Taking the time to learn my requirements in advance, he was able to move quickly when a tracker product came available which ticked all the boxes. SPF sorted everything out for me and I have no complaints."
What we arranged:
Our client upsized and had borrowed a lot to renovate his new property. He was debating a fixed rate but decided upon a Base Rate tracker. Just as he decided that was what he wanted to do, a number of lenders increased their tracker margins by 0.5 – 0.6 per cent. The only window of opportunity was a tracker rate which was still available at 0.69 per cent above Bank of England Base Rate. The consultant explained the situation to the client and told him that to secure the rate he would have to act quickly – there was a chance that it would not be around for long.
Within 20 minutes the client and consultant met up and the online application was completed there and then. The replacement product was 0.6 per cent higher the next day.
His new pay rate is now 1.19% and he has been able to reduce the term of his mortgage and complete the work on his dream home.
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