Number of remortgages at highest level since 2009.
According to market reports, the number of homeowners remortgaging their properties has reached its highest level in 8 years.
The rate at which people are remortgaging is every four years, which is four months faster than this time last year.
The recent remortgaging activity has seen an acceleration since October 2016. Rates are at all-time lows and homeowners are making the most of them by making a saving on their repayments, as well as fixing their financial future for the next 5 years, which is the most popular product.
The potential exists for upsets to the market in the near future, with uncertainty coming from several directions. There are the Brexit negotiations, the triggering of Article 50, the rise in inflation and the fall-out of the Chancellor’s budget. Consequently, the mood among homeowners appears to point towards anticipating a rise in interest rates. To circumvent this, there has been a noticeable surge in remortgage activity.
Price is probably the most important factor for homeowners when it comes to selecting a remortgage option. Consulting with Deal Direct means access to the best priced remortgage offers UK-wide.
We work with lenders from across the market and are highly experienced in sourcing the best value deals. The connections we have with lenders means we also have access to special offers that are not available on the wider market.
If you are currently considering a remortgage, contact Deal Direct first, to compare all your options.
To save money and for the best value all-round remortgage, call 0800 048 8828 now.
