Is now the optimum time to remortgage?
Market analysts are predicting that longer term fixed remortgage rates have reached a point where they cannot fall any lower. High street lenders have continued to cut their rates over the last few weeks on a number of their fixed rate ranges. However, swap rates are showing signs of creeping up, and a corresponding rise in remortgage rates is anticipated.
This market news could indicate that now is the time to take advantage of the record low rates still available, and lock into a longer term fix. Acting now means that your remortgage repayments could be lower than you are currently paying, which could mean you make a substantial monthly saving.
Below are a few examples of the remortgages on offer:
- Barclays - A 10 year fix for up to 60% LTV at 2.49%.
- Coventry BS - A 10 year fix for up to 85% LTV at 2.55%.
- West Brom BS - A 10 year fix for up to 65% LTV at 2.59%.
- Santander - A 10 year fix for up to 60% LTV at 2.59%.
At Deal Direct, we fully understand the importance of deciding to remortgage. It is a large commitment and one that could impact you and your family finances for years to come. For this reason, it is vital you obtain the right deal.
Our advisors have years of experience in sourcing a low rate remortgaging deal that matches your requirements. We work very hard on your behalf and accompany you during every stage of the process, helping to ensure the most suitable outcome for you.
Contact us now for free, impartial remortgaging advice on 0800 048 8828.
