Re-mortgage enquiries are on the increase as lenders SVRs rise.

There has recently been an increase in re-mortgage enquiries to independent mortgage brokers such as Deal Direct.

If your lender's standard variable rate has gone up then now could be the right time to look for a better rate, but how do you find the best deals?

Deal Direct are whole of market brokers and have access to deals throughout the mortgage marketplace. We are working hard to source the latest deals so that we can get you the best products available to compare with your current mortgage.

Whilst many lenders increased their standard variable rate at the beginning of May, the Bank of England base rate remains low. This means that there are still many great options to re-mortgage and save money. If your lender's rate has increased there are many tracker products, linked to the current low base rate or fixed rate deals, that could reduce your monthly payments.

In today's market with stricter lending criteria announced by the Financial Service Authority, some lenders are only offering standard variable rate options to existing customers. Though for some the products that are available may be limited, there are still alternatives in the wider market,

A comparison of products needs to factor in details such as lenders arrangement fees and early repayment penalties in addition to rates, to get a true picture of which are the best deals. At Deal Direct we consider all factors to offer you deals that are suitable for your individual circumstances.

Call our advisers at Deal Direct as our aim is to find you the best re-mortgage product for your situation to save you money.