Did you know that approximately 4 million mortgages are on the standard variable rate? Now, this could be good for some, but for others, they may be paying far too much on a monthly basis.
Lenders are jostling for position and offer some really attractive interest rates.
If you are looking at your finances and wondering how you will be able to pay off your credit cards or loans, then switching to a cheaper mortgage deal may help you reduce your monthly mortgage repayment. You could then use this spare cash to pay for those credit cards. In certain circumstances, you could remortgage to pay off those loans and credit cards to.