Mortgage prisoner comparison service launches

Jessica Nangle

February 8, 2017

girl thinking

An online comparison service has launched aimed at helping mortgage prisoners make savings on their monthly payments.

RateSwitch allows homeowners stuck on a standard variable rate to look at the best loyalty rates available from their current lender.

Lee Flavin, chief executive at RateSwitch, said: “It’s been a long-held mission of mine to not only raise greater awareness of the unnecessary costs SVRs bring, but to provide homeowners with a tangible solution to the problem.

“RateSwitch solves a sizeable problem by introducing a whole new dynamic and we’re very excited to join the current wave of start-ups striving to simplify complex processes within the mortgage industry.”

The company was founded by Cardiff-based mortgage adviser Lee Flavin alongside business partners Jason Stallard and Lyanna Tsakiris.

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