Today was mortgage review day. After two years of a relatively good discount deal from the Bank of Scotland, the interest rate on the Chez Skinflint mortgage is about to rise to 6.1%. Remarkably (and more than a tad concerning) this is set to increase the monthly payments by a not inconsiderable £105.
Now, I’m a skinflint, and skinflints NEVER pay more than they have to for anything. Our raison d’etre is to zealously hold on to our hard earned cash.
So, with determination in my heart, I set forth in search of a low cost mortgage broker on the Net. In no time at all I sniffed out the good guys and gals at London & Country. What is it that attracted me to L&C? The fact that there were no up front broker fees. Yes, they are absolutely FREE. The Net Skinflint likes – he likes a lot!
Anyway, to cut to the chase, in relatively little time I was offered an excellent remortgage deal with Alliance & Leicester. A fixed deal for two years offering a £125 reduction in my monthly payments compared with my present mortgage. What’s even better is 1. every time the bank base rate increases (as it has been with seeming alacrity recently) I save even more money. 2. I’m planning to overpay each month – so, yet more reductions in my monthly mortgage payments.
Life is goooood!!
LINK: London & Country www.lcplc.co.uk
