Hi there,

I want to talk about something dull. Refinancing. I know, not exactly thrilling. But dull things save people real money, and this one is worth five minutes of your time.

A practice owner in the South East came to our finance team because their commercial mortgage term was ending. The alternative, if they did nothing, was rolling onto the lender's standard reversion rate. If you have never looked closely at what that rate actually is, I would recommend you do, because it is rarely in your favour.

There was nothing complicated about this client's situation. Good financials, practice performing well. The whole job was simply to find a better rate before the old deal expired.

My team did. Around £300,000 refinanced on improved terms, which meant lower monthly repayments and a bit more breathing room every month going forward.

I mention this one because it is proof that you do not need a dramatic story to make a real difference. Sometimes the most useful thing we can do for a client is simply stop them from overpaying on something they already have.

If your mortgage term is coming up, do not wait for the reversion letter to land on your desk. Talk to our finance team about a refinance review, or get in touch here to start the conversation.

Refinancing

Speak soon,

Arun