This client is on the SVR with Barclays so his rate is 3.74%. He has been on this rate for the last 5 years after 2 years fixed ended. He wanted to raise £40,000 for home improvements and debt consolidation.
What We Did
I obtained him 1.92% rate for 5 years and his payments will be £398pcm.
That a £141pcm saving which equates to £8,460 and please don’t forget this is with an extra £40,000.