RBS remortgage deals remain competitive.
Taking out a RBS remortgage may be the way forward for those whose SVR is to increase.
Many lenders have raised their standard variable rates due to increased funding costs. Recently the European Central Bank has intervened to aid the stabilisation of the LIBOR which has led to it falling slightly. Now may be a good time to switch to a fixed rate deal especially if your lender has raised its SVR.
Many mortgage experts are suggesting that there are savings to be had by switching from lenders uncompetitive SVRs to fixed or tracker deals.
A 2 year fixed rate RBS remortgage deal is available at 2.89 per cent for 60 per cent loan to value. A 4 per cent variable rate is applicable after the fixed term ends and a £999 set up fee is charged.
Fixed rate deals can undercut lenders standard variable rates and RBS remortgage deals do just that. Taking out an RBS 5 year fixed rate mortgage brings with it the security of set monthly repayments, a 5 year deal is offered at a 3.69 per cent for 60 per cent LTV with a £999 arrangement fee.
To compare UK lenders most competitive remortage rates contact Deal Direct.
