text: May 2021 | Friends Capital Mortgage Specialists
  This week, mortgage interest rates have fallen below 1%. Homeowners in England could reduce their monthly costs by comparing their mortgage rate, to ensure they are on the best rate possible.
  Those who are on a variable rate could make further savings as they are likely to pay even larger sums for their mortgage and can take advantage of these low interest rates.
  Those that are approaching the end of their fixed rate mortgage should start comparing rates six months early due to delays and pressure on banks and mortgage advisors because of the pandemic. If they don't, they may find themselves in a position where they are paying much higher monthly rates.
  Friends Capital Director, Paul Hancock, says "All property owners should urgently check their current mortgage rates. As interest rates have dropped to an all time low of below 1%, you could save thousands of pounds by switching providers or negotiating a better deal".
  However, property owners need to act quick as interest rates can change daily and you may miss out. If you give Friends Capital a call, we will compare the rates for you and offer a free no obligation quote."
  Paul goes on to offer further advice on reducing your mortgage rates. He states "If you've put money away during the pandemic, putting it towards your mortgage could save you thousands of pounds by reducing your loan to value ratio."
  If you are looking to compare your mortgage rates, Friends Capital offer a free consultation where you can receive a free, no obligation quote based on your circumstances.