Remortgage now before the best deals are withdrawn.

The advice to home-owners is remortgage now before mortgage rates rise any further and the cheapest deals disappear. We have already seen rates increase for new mortgage borrowers on a range of products, including trackers and fixed rate deals.

With more increases likely to be announced over the summer Deal Direct are warning home-owners to remortgage and to switch to a cheaper deal while cheaper deals remain on offer.

The Halifax recently raised mortgage rates for new deals and the Norwich & Peterborough, ING and first direct to name just a few, have already begun repricing their mortgage rates at a higher level.

Standard variable rate holders were badly hit this month and many are choosing to remortgage, but SVR increases are likely to be the tip of the iceberg.

New mortgage deals are slowly getting more expensive. Although rates are not shooting up at present many lenders are increasing their offers by around 0.2-0.3%. There is no sign that this trend is to change therefore you are recommended to hurry and source a new deal.

The news is not all bad though as the Clydesdale and Yorkshire Bank have introduced incentives such as fee free deals to attract home-owners.

Remortgage incentives can be attractive but it is important to consider all factors when working out which is the most competitive deal on offer.

The UK mortgage market is complex and deals offered are many and varied therefore it is advisable to have the assistance of remortgage experts Deal Direct when sourcing a new offer.

Contact Deal Direct today and we will find a competitive new deal to start saving you money tomorrow.