Subscribe
Sign in
Mortgage Monitor by Trussle — Get an alert when it's time to switch mortgage deal 🇬🇧
Trussle's mortgage monitor is a free service that compares your current mortgage with thousands of deals on the market every day. If it calculates that savings could be made by switching to a new deal, you'll instantly receive an email alert. Should you wish to remortgage, Trussle will guide you through the process completely online.
13
Replies
I literally don’t see the point in this in terms of customer value. All mortgage lenders inform borrowers their deals are ending beforehand already.
@kieran_lynch_ Hi Kieran. Thanks for the comment. This is true to an extent.
The big difference is that your lender will only notify you when you're nearing the end of your deal. But sometimes you can save money by switching mid-deal. Our service has been built to take into account all fees, incentives, and (importantly) any early repayment charge. When we were testing the service, two of our team members found that they could save by switching despite not being near the end of their deal!
Another key difference is that, depending on lender, you may be informed as little as a month in advance. That gives you very little time to look into your options and go through the remortgage process. We know from some of our customers that they've been pushed onto their lender's SVR simply because they got round to switching too late. On average, being on your lender's SVR costs around £360 per month in extra interest so it's worth looking into your options early.
Finally, you'll almost always receive lender communication in the form of a letter. This is fine if you check your mail every day, but less so if - like me - you check once a week because you live in a flat and the mailbox is on the other side of the building. That's why we think an email is much more useful.
Hope that explains the value proposition a bit more clearly :)
Love it - such a great feature - Trussle is a killer product and I know the team personally too, great to see you guys continue to innovate in a space that desperately needs it!
I was looking for a mortgage and i went to many banks to ask about the best deals i can get. I did not know much about it and how it works so i had to tried to educate myself better on the subject. I came by a website that helps you calculate your mortgage and educate a person about the process. It's a new way of calculating your mortgage and helping you with the process.They helped me find the best deal for me and can really recommend this website to anyone, you should not be afraid of mortgages because you don't know how it works, you can learn it easily and quickly. You will save money and find the best deal for yourself.
I liked that it estimated my early repayment charges based on lender and took that into account
Pros:Seamless process, Easy to use, accurate
Cons:None
love it
Pros:Simple to use, excellent mapping across the market of what's available
Cons:none
Excellent experience!
Pros:Hazzle free experience, excellent people, made my day!
Cons:none
AFFORDABLE LOAN TODAY?
loan expat, Getting a legitimate loan has always been a huge problem To clients who have financial problem and need solution to it. The issue of credit score and collateral are something that clients are always worried about when seeking a loan from a legitimate lender. But.. we have made that difference in the lending industry. We can arrange for a loan from the range of 5,000.00 to 500,000.000.00 both in EURO,POUNDS, USD as low as 2% interest rate Kindly respond immediately to this email: (upgradeloans@hotmail.com)
...
Yours Sincerely,
GEORGE MILLER
Email: upgradeloans@hotmail.com
Website: https://upgradeloans.wordpress.com/
An interesting thread. Due to the covid situation I have a problem with my house loan now, the previous conditions I had are now good to me anymore, cuz my income is much lower at the moment, so I am thinking about a remortgage and I've heard that banks are more loyal now to it. I`m looking for agents who can do the screening of the suitable conditions for me for such a remortgage.
I would rather do it myself but it is so easy to be confused with all those loan conditions and to get lost in it completely. Found guys from https://www.coventrymoneyman.com/ they look trustworthy, our next meeting suppose to be about counting fees, I`m already scared but still excited about my new house)))
Trussle