Discuss - Why do most people stay on SVR when there are better rates in the market?
Bobby Welsh Chartered ALIBF AdvDipFA PETR CeMAP CeRER
![Bobby Welsh Chartered ALIBF AdvDipFA PETR CeMAP CeRER]()
Bobby Welsh Chartered ALIBF AdvDipFA PETR CeMAP CeRER
Principal Director and Chartered Financial Planner at Simple Financial Planning
In a time where we are seeing the lowest UK home owner rates ever why is it that people are just staying put rather than looking at options? Is it convenience? Not being aware? Not interested in lower rate? What are your thoughts?
Mortgage & Protection Adviser - m2 mortgages Macclesfield
8 年LTV and enhanced affordability criteria often means people are 'locked' in to not being able to afford lower rates available
Oakbridge - Principal Lender Regulated Bridging Loans
8 年I think its a time thing .. so little free time
CRE Sales Account Manager
8 年high LTV
CRE Sales Account Manager
8 年from previous experience i have found not many people are aware that there are better deals in the market for them, personally i have a LTV which is why i am still on SVR
Head of second charge, bridging and specialist finance.
8 年i think its a combination of not being aware of the options that may be available and the general malaise of thinking they will just "wait and see" what happens with brexit/rates and a few other variables we have at the moment.