L&C's Rate Check promise
Secure a deal now and we'll perform a check of your chosen lender's rates automatically after about 4 weeks and let you know what we find.
And if things change, such as: your circumstances, property prices or interest rates, we can even check the whole market again - you just need to ask your adviser.
If there's a better deal for your circumstances, we can swap your deal during the process if it's right for your situation.
How Rate Check works
After you secure a mortgage deal through us, we'll automatically re-check your chosen lender for a better rate after about 4 weeks and let you know either way if you've still got the best deal or if there's a better one for you.
Check deals from across the market
You can ask for a review of the full market at any time during the process - of course, the closer you get to your completion date, particularly if you're changing lenders, it may be better to stick with your existing deal or lender rather than risk delaying completion by having to start over.
Is there a charge?
No.
L&C's advice and service is fee free so even though we'll be working hard, we still won't charge you a fee.
We want to do the right thing for you, whatever it takes.
What does Rate Check mean for you?
Our Rate Check promise can give you peace of mind, knowing you can secure a deal now but switch if there are better rates in future.
From January to June 2024, we saved our customers £19.6 million with our Rate Check service – that’s an average saving of £1,761 on their new mortgage deal*.
Whether you are a first-time buyer or your current mortgage is coming to an end, helping you secure a competitive rate now while giving you the opportunity to renegotiate if interest rates drop is insurance against potential rate hikes.
Around 4 weeks after you apply, we’ll look again to confirm you still have the best deal available and if rates have decreased and a more favourable deal has become available with your lender, we’ll get in contact and help you switch if it’s right for you.
Of course, if the deal you’ve locked in is still the best one for your circumstances – we’ll let you know!
You can also ask us to check across the market at any point throughout the process.
Our personalised advice helps you make the best decisions for your financial situation, giving you peace of mind, potential savings, and expert support throughout your mortgage application.
What to look out for.
Switching deals can be subject to restrictions and may incur additional fees from your existing or new lender and depending on where you are in the process, renegotiating may delay completion.
Your advisor will be able to talk through any pros and cons involved in changing deals with you when you get in touch.
You might also be interested in.
https://www.landc.co.uk/remortgage/remortgage-products/when-to-remortgage
https://www.landc.co.uk/mortgage-guides/when-to-remortgage
*11,145 L&C customers requested a Rate Check in January to June 2024 and saved a combined £19.6m. On average customers saved £1,761 over the term of their mortgage deal. Individual savings will depend on rates, deals and the amount of the mortgage.
Why wait?
Get started today, tell us a bit about your circumstances and book an appointment to get advice on the best mortgage deal for you.