David R.
David was paying over £200/month more than he needed to on his lender's SVR. The Mortgage Genie switched him to a brilliant fixed rate — saving him £2,400 a year.
"I was on my lender's SVR paying over £200 more than I needed to every month. The Mortgage Genie found me a brilliant fixed rate and handled the entire switch. The whole process took about 4 weeks and I didn't pay a penny."
— David R., Birmingham
6.99%
Old Rate (SVR)
4.39%
New Rate
£220
Monthly Saving
4 Weeks
Process Time
The Situation
David had been on a 2-year fixed rate mortgage that ended 18 months ago. Without realising how much it was costing him, he'd been sitting on his lender's standard variable rate (SVR) at 6.99%, paying £1,180/month on a £180,000 mortgage.
The Challenge
David knew he was probably overpaying but kept putting off doing anything about it. He assumed remortgaging would be complicated, involve lots of paperwork, and probably cost him in broker fees. He also wasn't sure if he'd pass affordability checks since he'd changed jobs recently.
How We Helped
His The Mortgage Genie advisor quickly identified that David was overpaying by over £200/month. After reviewing his finances, they found a 5-year fixed rate at 4.39% — even accounting for his recent job change, which most lenders were happy with since he was in the same industry. The advisor handled all paperwork, liaised with the solicitor, and kept David updated throughout.
The Outcome
David's new monthly payment dropped from £1,180 to £960 — a saving of £220/month or £2,640/year. Over the 5-year fixed term, that's over £13,000 saved. The entire process took just 4 weeks from enquiry to completion, and David paid nothing for the advice.
Their Journey Timeline
Online Enquiry
David submitted a quick form after seeing an ad about overpaying on SVR.
Rate Comparison
Advisor compared 90+ lenders and presented the best 3 options within a day.
Application Submitted
Straightforward application — advisor pre-checked everything to avoid delays.
Valuation & Offer
Lender valuation and formal offer received within 2 weeks.
Completion
New rate live within 4 weeks. David immediately noticed the lower direct debit.
"I can't believe I sat on my lender's SVR for 18 months — I must have wasted thousands. The Mortgage Genie made the whole remortgage process so easy. My advisor did everything for me and I saved over £200 a month. If you're on your lender's SVR, stop reading this and call them now. It's genuinely free and genuinely brilliant."
David R. — Birmingham
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