RateWatch
Why you should use Better.co.uk instead of going directly to a lender:
- 89% of customers have saved money by using Better.co.uk
- Better.co.uk customers save an average of £4,518 over their fixed term.
- On average, customers save £116 per month by choosing Better.co.uk.
RateWatch explained
RateWatch is a service that tracks mortgage rates after you've applied. Whether remortgaging or buying a home, our advisers source the most suitable deals by continuously monitoring rates up to your remortgage or exchange date. If one becomes available, our advisers will contact you to ask if you want to move to the new rate.
Key benefits:
Protects against rising rates.
Switches you to a more suitable deal that could save you £££s per month.
No extra cost or hassle.
RateWatch could save Better.co.uk customers up to £1 million per month on average by ensuring you have access to the most suitable rates.
For Homeowners (Remortgaging): Secure a suitable rate months in advance but retain the flexibility to switch if rates improve.
For Homebuyers: Lock in a rate now and keep your options open if a more suitable rate becomes available before you exchange.
How RateWatch works:
Unlike other brokers or lenders who may ‘set and forget’, Better.co.uk monitors the market to ensure you have access to the latest deals. Here's how RateWatch works:
Apply for a Mortgage: Submit your mortgage application with Better.co.uk.
RateWatch Activated: We begin monitoring the market as soon as you apply.
Automatic Switch: If a more suitable rate becomes available, we will contact you and offer to switch you to the new rate hassle-free.
Save Money: Relax knowing you're on the most suitable rate.
What people are saying about Better.co.uk...
Important info & marketing claims
You may have to pay an early repayment charge to your existing lender if you remortgage. Your savings will depend on personal circumstances.
Your home may be repossessed if you do not keep up repayments on your mortgage.
*The savings figure of £656 is based on Better.co.uk remortgage customers in April 2024. Read more on our marketing claims page.
We can't always guarantee we will be able to help you with your mortgage application depending on your credit history and circumstances.
Average mortgage decision and approval times are based on Better.co.uk's historic data for lenders we submit applications to.
Tracker rates are identified after comparing over 12,000 mortgage products from over 100 mortgage lenders.
As of January 2023, Better.co.uk has access to over 100 lenders. This number is subject to change.
For buy-to-let landlords, there's no guarantee that it will be possible to arrange continuous letting of a property, nor that rental income will be sufficient to meet the cost of the mortgage.
