Re-mortgage deals offer an escape from rising standard variable rates.

Some products are available only as re-mortgage deals so if you are looking for an escape from a rising standard variable rate these products could offer you an alternative. If your standard variable rate is rising call Deal Direct - we have access to many deals that are specifically aimed at re- mortgaging.

National Counties Building Society has a re-mortgage product offering a fixed rate at 4.39% until the end of October 2015. The product is for up to 90% loan to value with a maximum loan of £250,000 and also offers incentives for valuation and legal fees.

The product also allows up to 10% capital repayments without an early repayment charge. However if more than 10% capital is repaid the charges are 4% for the first few months following completion, then a reducing charge of 1% every calendar year after the 31 October.

According to figures recently published there are over 280 fixed-rate mortgages currently in the market with a 90% maximum loan to value. Of these, just over 100 are available as re-mortgage deals.

There is often not much difference in interest rates for re-mortgage compared with those for purchases but re-mortgage products tend to offer more incentives such as generous valuation and legal fee terms. Over half of re-mortgage only deals offer valuation or legal fee incentives compared to around 40 % for products that are available for both purchase and re-mortgage.

The National Counties product currently has a completion deadline of the beginning of July this year so contact Deal Direct soon if you are interested in this or other re-mortgage deals available in the market.