Mortgage lenders have a derogatory name for people who switch mortgage lenders to follow lower rates they call them Rate Tarts. The author has a much more apt description Shrewd Shoppers! After all, who spends more for exactly the same product, in this case money, when you can get it cheaper elsewhere? After all a £ from one lender as effective as a £ from another!
The mortgage market is highly competitive and as long as lenders use price as the main weapon in their…