Make a remortgage comparison to find the best deal.
When making a remortgage comparison with a view to getting a more competitive deal, how much consideration should you give to the recent mortgage news?.
Christine Lagarde who is head of the International Monetary Fund, recently recommended that the Bank of England should reduce the base rate.
This could benefit those who are on tracker mortgages or considering taking out one of these type of mortgage products. Although the news is only based around suggestions of base rate reductions, what would be the implications for you?.
For guidance in the mortgage market and the latest mortgage news contact our mortgage broker team at Deal Direct.
Here at Deal Direct our mortgage advisers make the task of a remortgage comparison quite painless for you. Our experts search the whole of the mortgage market to find lenders most competitive rates, terms and fees, that fit with your circumstances.
A base interest rate cut may not help if you are still tied into a fixed mortgage term or on a lenders SVR, but it should reduce your repayments if you are on your lenders tracker deal. Some lenders do apply restrictions to tracker mortgage deals though.
Base rate tracker mortgages can offer a good deal if you are looking at remortgage comparison to find value for money. This is whether the base rate falls further or not. They are generally cheaper than fixed rate deals, but do not provide the security of a fixed deal.
We recommend you contact us at Deal direct for details on trackers and for clear and unbiased mortgage advice.
