Cheap remortgages enable some struggling home-owners to move on.
Lenders cheap remortgages are providing the opportunity for struggling home-owners to move home.
Some home-owners who are finding it difficult to sell their house are choosing to become 'accidental' landlords. The cheap remortgages that are on offer, are allowing some to rent their existing property while remortgaging to fund a new house purchase. New figures reveal an increase in buy-to-lets from new 'accidental' landlords.
More home-owners who are in a position to do so, are choosing to rent out their property because they are unable to sell. Rightmove figures show that property for sale is sitting around on the market unsold for around an average of 105 days, which is a 25 day increase from this time last year.
Uncertainty in the UK economy maybe dampening demand for residential property purchase but seems to be having less effect on the buy to let market.
There is an increase in the number of home-owners who are choosing to become landlords as they cannot sell. They are renting out their existing property, taking out a remortgage to move on with a plan to sell their first property when the market improves.
If you are stuck in your present home, Deal Direct as a 'whole of market' broker can search for a cheap remortgage deal on your behalf.
We are fully up to date on lenders remortgage criteria and latest deals and can get you a competitive offer to suit your financial circumstances.
Looking for remortgage advice?
Contact Deal Direct today.
