Many landlords are sitting on standard variable rates (SVRs) without realising how much money they’re losing each month. If you haven’t remortgaged recently, you could be missing out on thousands of pounds in savings every year.
The Cost of Staying on SVR
When a fixed-term mortgage ends, most landlords are automatically moved onto their lender’s SVR. These rates are often 2–4% higher than competitive fixed deals.
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Example: On a £200,000 mortgage, the difference between 6% (SVR) and 4.5% (remortgage deal) is around £250 a month — or £3,000 a year.
Why Landlords Delay
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Unaware of expiry dates: Many simply forget when their deal ends.
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Fear of fees: Some worry about arrangement fees, but these are often outweighed by savings.
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Waiting for better rates: In reality, waiting usually costs more than acting now.
Benefits of Remortgaging
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Lower monthly repayments → More cash flow.
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Release equity → Fund further investments or refurbishments.
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Certainty → Fixed rates provide stability against market fluctuations.
Final Word
Not remortgaging is one of the most expensive mistakes a landlord can make. If you suspect you’re paying too much, now is the time to act.
👉 Call us today on 01352 721300 or request a free consultation here: The complete mortgage solution