Halifax mortgage customers start to compare remortgage deals.
Deal Direct are helping Halifax mortgage holders worried about the impending mortgage rate rise to find a competitive new deal.
Santander, RBS, Bank of Ireland and Halifax mortgage customers soon to be affected by a rate increase, should compare remortgages and switch now while low rate deals are still available.
A lifetime tracker mortgage deal is offered by the Chelsea Building Society at 2.39 per cent above the BOE bank rate, the product comes with a £1,495 fee.
For those looking for longer term security and fixed repayments, the Post Office offer deals for 75 per cent LTV covering various 5 year fixed rates which start at 3.59 per cent.
Mortgage rate rise announcements have come as a shock to customers who are aware that since 2009, the Bank of England has poured around £375 billion in 'cheap' money into the UK banking system.
Those on rising SVRs will be given a time limit to switch deals. For instance Halifax mortgage holders will be given three months to transfer to alternative mortgage products without incurring an early repayment charge.
SVR mortgage holders are advised to shop around now without delay to look for a cheaper offer.
Those notified of a rate increase can be helped by Deal Direct. We remove the stress of looking for an alternative deal.
As 'whole of market' brokers we have access to the most competitive UK lender rates and are up to date on their lending criteria. We work on your behalf to search the UK mortgages market for the best deal possible.
