Choose a Halifax remortgage with expert advice

A Halifax remortgage could help you secure a better mortgage deal and now may be just the time to get expert and professional advice. The Halifax has seen the UK housing market get off to a good start in 2012 as house prices in January perked up 0.6 per cent and this is good news for borrowers contemplating a remortgage due to the increased equity in their property.

The Halifax has estimated the monthly outlay of buying a three bedroomed UK property is now at £600 which is 16 per cent cheaper than renting a similar property at £716 so taking out a mortgage or remortgage currently appears to be a far better option. Interestingly in 2008 at the height of the property market a mortgage on a three bedroomed property actually cost 29% more than renting a similar property. Current Halifax remortgage offers include 2 year fixed rate mortgages with an initial rate of 3.09% with up to60% LTV (loan to value) or with 75-80% LTV an initial rate of 4.14% and both come with a fee of £995.

Interest rates will remain low for February 2012 as the Bank of England's Monetary Policy Committee (MPC) is predicted to leave the standard base interest rate at 0.5%. This means mortgage borrowers considering a remortgage will see a slight increase in deals on offer and with continued low interest rates. Mortgage and remortgage lending does remain lower than that of a healthy mortgage lending market but there is hope that buyers will return to the housing market due to increased equity and low interest rates. Choosing a Halifax remortgage may prove advantageous and there are many deals available depending on your circumstances.