Great remortgage deals on offer through Deal Direct.
This month's rate increases have given home-owners incentive to remortgage to a better deal. In spite of the low Bank of England base rate many lenders increased their standard variable rates at the beginning of May.
As whole of market brokers, Deal Direct are well placed to find you a better deal.
It is thought that a third of home owners who have interest-only mortgages could also face much higher repayments when new Financial Services Authority regulations are brought in next year. If you have an interest-only mortgage your options may be limited by stricter lending criteria and a reduction in the number of products available.
It is also estimated that there are over a billion home owners with mortgages that will mature over the next decade. If your mortgage is due to mature and you have have no mechanism in place to pay your loan in full, the only option may be to sell your home.
Whilst the base rate is low, competitive rates in the remortgage market could save you money on interest payments and help you make repayments to reduce your loan. Reducing your loan could increase the equity in your home which could also give you access to a wider range of deals in the mortgage market.
There are many reasons to look for a remortgage deal so get in touch with Deal Direct, our professional advisers can help you save money. The mortgage market place changes rapidly with lenders introducing and withdrawing products on a daily basis so call us now to secure the best rates.
