Choosing a 2 year fixed rate remortgage.
Short term fixes can offer low rates.
If you want a low rate and short term security, 2 year fixed rate remortgages may be the type of product to consider. Short term fixes can offer the lowest rates in the fixed rate market, but still give security with 24 constant monthly payments.
Remortgaging to a lower rate could save you money, particularly if you are currently paying a high rate.
Benefits of 2 year fixed rate remortgages.
- Short term fixed rates are some of the lowest interest rates offered by lenders.
- By switching to a lower rate, you can reduce your monthly payments and save money.
- Fixing your rate offers protection from interest rate rises.
- Consistent monthly payments can allow you to plan your budget.
- Short term fixed deals allow you to keep your eye on rates and pick up the next low rate deal.
Getting the best 2 year fixed rate remortgage.
As with all remortgage types, the more equity you have in your property the better the rates you will generally be offered
The market for mortgages offering fixes for 2 years is one of the most competitive. As a consequence there may a very large number of offers from lenders and deals can change on a regular basis.
Searching through the market can be time consuming, but if you want the best deals this is what is necessary.
No matter what stage you are at if you have a mortgage or are thinking of buying a new home then seeking help from Deal Direct can save you time and money.
For impartial advice and a low rate quote call 0800 048 8828.
