Remortgage comparison is essential if your SVR is due to rise from 01 May.
You could save money by getting a remortgage comparison if you are on your lender's standard variable rate.
It has been estimated that over a million home owners will be affected by lenders rate increases which for many will happen on 01 May. Many mortgage holders could be affected by rate increases in the months that follow as many lenders look at ways of improving their profitability.
In spite of an all time low base rate of 0.5%, many of the UK's lenders have announced increases to their standard variable rates. Some are increasing by as much as 0.5% which could make a big impact on your monthly repayments.
Whether or not your SVR is due to increase, it is wise to get a remortgage comparison to check if you could get a better deal. Deal Direct can help you find an alternative to your current deal and save you money. Few of us can afford to pay more than we have to.
If your standard variable rate is 4% or above and you have 20% or more equity in your home there are some good deals available to switch to. The best remortgage deals will depend on how much equity you have in your home, the more equity you have the more access you will have to lenders very best rates.
Rates are just one factor to consider for a remortgage comparison. Other factors such as arrangement fees, early repayment charges and lenders incentives will have an impact on which is the best choice. Call Deal Direct for advice, we can source the best deal to suit your circumstances.
