Here are a number of advantages of staying with your existing lender.
If you are not looking to borrow any more money, there is little to no underwriting involved. They also won’t need to carry out a survey on the property as they are familiar with the property already. They won’t need to carry out a credit check and the process doesn’t require a solicitor. This is definitely the quickest and easiest option.
At Excel Mortgages, we would always explore your options but with over 30 mortgage companies and literally thousands of products, it may not be the best option for you financially. Shopping around is definitely recommended but rest assured, if your current lender is offering the best deal, we can help with that! We will help you work out which option suits you best.