Homeowners need to make remortgaging their priority.
As a result of the cut in the base rate, lenders are competing strongly with each other and launching new and repriced remortgaging deals. Whether you are a landlord or an owner occupier, now is an excellent time to obtain a new deal and save yourself some hard-earned cash.
Are you making the most of remortgaging opportunities on offer? Instead of acting, you may be waiting to see what happens to the market as uncertainty persists, post-Brexit.
It's true that some lenders have lowered their SVR rates, and so you may be thinking that your repayments may not be affected that much at the end of your fixed term. However, when you compare your lender's SVR to new products available or repriced long-term offers, you run the risk of switching on to a rate that's higher than it needs to be.
Following the increase in the rate of inflation, as well as the recent rise in swap rates, market analysts are predicting that the base rate could soon follow. Once the base rate rises, the strong possibility exists that mortgage rates will follow suit and the opportunity of saving money on your home ownership diminishes.
To find out whether remortgaging is an option for you and how much money it may be possible to save on your repayments, one of our team members at Deal Direct is available to assist you in any way we can.
Prioritise your remortgage and call Deal Direct now on 0800 048 8828.
