SVR mortgage-holders should remortgage now before rates rise.

As concern over news of rising rates continues, the demand for remortgage advice is on the increase. Mortgage-holders on a less competitive rate than deals currently on offer, are reviewing their mortgage offers with a view to switching to a cheaper deal.

Remortgaging to a lower rate makes sense as while rates remain low. Rates are predicted to rise and those particularly at risk are SVR holders.

If you are sitting on your lender's standard variable rate the advice is to look around for a competitive new deal.

Swap rates are rising, and while lenders may absorb these increases for a period of time, it is likely at some point the increase will be passed onto borrowers in the form of rising rates.

Those locked into a fixed rate mortgage will be protected for their fixed period, however SVR holders will not. SVRs are subject to arbitrary increases, and mortgage-holders run the risk of increased monthly repayments.

If you are looking to remortgage there are currently many deals on offer to choose from. Working through all lenders offers is a time consuming business, and you are advised to seek help from an impartial and independent broker.

Experienced advisers at Deal Direct can recommend the best deals available and offer advice as what to consider when looking at remortgaging. An impartial adviser will review your circumstances and existing deal with your current lender to find you a better deal to switch to.

Call us at Deal Direct for the best remortgage advice. We are 'whole of market' mortgage broker with access to the cheapest deals market-wide.

For the best deal available call 0800 048 8828 today and speak to one of our advisers.

Call today and let us find you a cheaper offer.