Demand for UK remortgage advice is on the increase.

According to unbiased.co.uk research, online searches for UK remortgage advice reached the highest ever level in March 2012. 

Latest figures show that remortgage advice enquiries reached 37 per cent in March this year as compared to 31 per cent for the same period 2011 and 33 per cent for February 2012. 

Karen Barrett who is the Chief Executive at unbiased.co.uk commented on the figures saying that recent mortgage market changes have left consumers with far less product choice and higher mortgage rates. 

She added that unbiased.co.uk has seen a marked increase in numbers searching for UK remortgage advice. This increase is being attributed to mortgage-holders who are worried about lenders tightened mortgage criteria, looking around to see if an improved rate can be achieved before it becomes more difficult to remortgage. 

The FSA Consumer Panel previously warned that mortgage holders may find it difficult to switch to an alternative deal once Mortgage Market Review proposals come into practice in 2013. 

The FSA is tightening up on irresponsible mortgage lending. It is anticipated that their proposals may impact millions of existing mortgage-holders wanting to remortgage at the end of their current deal. New FSA rules are expected to affect around 11 million households currently on interest only deals. 

Each week new announcements are made of lenders increasing mortgage rates. It is therefore more important than ever for mortgage holders on interest-only and lenders SVR deals, to contact Deal Direct for remortgage advice. 

High LTV deals are becoming harder to source but as a 'whole of market' broker we are up to date on UK lenders offers and can source a competitive new deal for you.

Contact Deal Direct and we can help you switch to a new mortgage today.