"Rate Tart" is the name coined by the mortgage industry for borrowers who ( life insurance quotes ) switch mortgage lenders chasing lower interest rates. Call them Rate Tarts if must, but they'll be the richer for it!
ReMortgaging - is it still worthwhile?
Mortgage lenders have a derogatory name for people who switch mortgage lenders
- Mortgages. Big changes in the buying and selling of houses.
- In mid summer 2007 everyone who wants to sell a property will have to prepare a Home Information Packs before they put it on the market. This article explains what the Packs will have to include what they'll cost - and whether we expect them to work!
- Best mortgage deal UK, put your best foot forward!
- You'll have to shop around to get the best mortgage deal. This article advocates Ask, Ask, Ask and don't be shy!
- Buy to let – a change for the better
- Do you own a buy-to-let property? There are some proposed new rules regarding tenancy agreements. Find out more. Buy to let – a change for the better
- Loans. Mortgages. Credit cards. Interest rate rises around the corner.
- The financial institutions are expecting interest rates to rise. When and what's expected?
- House price rises – a cautionary tale
- The housing market seems to be buoyant with house sales exceeding expectations in some parts of the country. If mortgage rates start to rise, the market may see a correction. Take care not to take on too much debt.
- Interest Only Home Loans
- An introduction to the workings of an interest only mortgage.
The mortgage market is highly competitive and as long as lenders use price as the main ( insurance ) weapon in their marketing platform, price competition will encourage remortgagers to follow cheaper deals. Call them Rate Tarts if you must, but they'll be the richer for it!
In a response to curb mortgage switching, some lenders have raised their up-front charges and others improved their customer retention programmes. In such a competitive market, ( mortgage quotes ) accolades will be awarded for the best customer retention programmes but raising up front charges, will simply reduce the lenders market share, albeit on improved profit margins. It seems that lenders still have to learn that carrots are better than sticks!