What a great way to start the week!
Monday i managed to restructure a clients £85,000 mortgage and save him £31,000 in interest payments.
Well quite simply i kept his mortgage payments the same, but with the fantastic new mortgage rate i secured him, paying the same amount reduced his term by 7 years!
The net saving for this client assuming rates stay the same would be £31,000.
Not everyone can afford to do that of course, but even taking 1 year of your mortgage can rack up some serious savings.