Beat the remortgage rush with Deal Direct.

Remortgaging is on the rise. The remortgage market has seen exceptionally low rates and homeowners are racing to take advantage as lenders become increasingly competitive.

The trend appears to be for short term fixes. The impact of recent events home and abroad, this year, make it impossible to tell what may, or may not, happen to interest rates over the coming months. To guard against further shockwaves, homeowners are opting for the security of knowing what their mortgage repayments are going to be, for the next 2 or 3 years.

Despite the availability of exceptional deals at the moment, a proportion of homeowners’ report feeling confused when it comes to remortgaging. Since the Bank of England’s decision to keep the base rate at 0.25%, about a quarter of lenders have been slow to react, and are yet to reflect the cut in their SVR’s. 

This could mean bad news for you.

If you don’t do anything and allow your introductory mortgage term to expire, your mortgage rate will automatically revert to your lender’s SVR. Not only could this mean a significant jump in your monthly repayments, but it could also mean you are paying more than you have to.

A low mortgage rate is only half the story, though. Deals also vary according to the amount of equity you have. To find the right mortgage deal, you need to be able to search the whole of the market, and this is exactly what Deal Direct can do for you.

With our expert help, you will be able to see the difference between a market-wide range of offers. We do all the comparisons for you, so you can make an informed decision. You could find that a new mortgage deal has the potential to save money and provide the security of knowing what your outgoings will be.

For expert remortgage advice and a professional service, contact Deal Direct.

Talk to one of our friendly advisors today on 0800 048 8828.