Reasons for not delaying remortgaging.
There are currently three main reasons existing home-owners are remortgaging.
Some are switching to a cheaper rate to save money, others are releasing equity to make a purchase, carry out home improvements or consolidate debt and there are those we are remortgaging to get a deposit for a buy to let investment.
If you are looking at remortgaging then for two reason you are advised not to delay.
The first reason is lenders have started pulling many ‘lowest ever offers’ replacing the cheap deals with higher rate offers.
The second reason is new EU mortgage rules are due to come into effect which will make remortgaging harder, this is the case even for those looking to remortgage to a lower rate to save money. The fact is people who might get themselves a new deal now might be refused after the new EU mortgage directive is implemented.
Whatever your reason for remortgaging you need to ensure you end up with the most competitive offer possible. This is why you need to seek impartial and independent mortgage advice.
By going to a ‘whole of market’ broker not affiliated to any lender you can ensure that every lenders range has been checked and you are offered the most competitive quote.
If you want to remortgage, call Deal Direct today and let us make a market search and help you switch deals.
Act now before rates go up and mortgage acceptance gets harder to achieve.
To switch to a better offer call 0800 048 8828.
