Remortgage popularity set to continue into 2018.
The popularity of remortgages has been strong throughout the last 12 months and the trend is set to continue into 2018.
Because of the record-low rates being offered by mortgage providers during 2017, home-owners that have been stuck on uncompetitive rates or their lenders’ SVR, have been able to switch to a much more affordable mortgage. Being able to save money or borrow more has proved an attractive option for nearly 40% of the entire mortgage market in the last year.
However, the Monetary Policy Committee’s decision to increase the base rate has fueled a further rush. Borrowers are now seeking to switch as quickly as possible to secure the best value low-rate deal they can, while offers remain available.
As more rate rises are predicted in the coming months, savvy borrowers are acting now to make sure their monthly repayments are kept as low as possible.
As Deal Direct is an independent broker, we can offer you unbiased advice on all UK remortgages. We strive at all times to find you the very best deal that fully serves your interests and pride ourselves on the level of customer service we offer.
If the original deal you were on has ended or is about to end, and you are paying your lender’s SVR, you could save money by switching now before rates possibly increase again in 2018.
Find out about affordable remortgages with Deal Direct on 0800 048 8828.
