Remortgage now or face missing out.

During the past couple of months mortgage rates have increased and as a result remortgage demand is on the increase.

Virtually all products have seen increases from fixed rates to SVRs to trackers, and with the latest raft of increases mortgage-holders have begun to search around for a cheaper deal.

Mortgage costs are increasing for lenders who advise they are now paying significantly more for funding. These costs are now being passed onto home-owners, many of whom are already struggling to meet the rising costs of day to day living.

For some home-owners increasing mortgage rates are the final straw, and so are looking to vote with their feet and remortgage.

While average rates are increasing, some lenders such as Barclays are offering competitive remortgage rates to lure mortgage-holders away from other lenders. However the advice for those looking to switch, is to do so soon because with rising rates competitive deals may not be on offer for much longer.

The ongoing eurozone crisis is affecting wholesale funding costs and as problems intensify the cheapest mortgage deals could disappear. The base rate is predicted to remain low but unfortunately mortgage rates are not.

Those who are sitting waiting to see what will happen next may find themselves missing out on a competitive deal.

As funding costs rise lenders concerned about dwindling profits may increase their rates further, possibly withdrawing their most competitive offers completely.

Don't miss out. If you are looking to switch deals and would like an up to date mortgage comparison contact remortgage expert Deal Direct.

You could save money through remortgaging so call one of Deal Direct's skilled advisers today.