Remortgage rates are rising, home-owners advised to switch deals soon.
With rising remortgage rates now is the time to review your deal.
If your lender has raised its standard variable mortgage rate to 4.0% or above or if your fixed rate deal is due to end in the next few months, now is the time to contact Deal Direct.
The mortgage squeeze has begun and home-owners are recommended to switch to a competitive deal while cheap remortgage rates remain on offer.
Currently the Norwich and Peterborough Building Society offer a tracker remortgage deal for 75% LTV at 2.79% which is fixed for 2 years and has a £795 mortgage arrangement fee.
In comparison a 2 year fixed rate mortgage is being offered by the Leeds Building Society also for 75% LTV at a slightly higher rate of 2.9% with a £900 arrangement fee.
The most competitive rates are generally offered over the shortest terms, 2 year rates are the most popular product currently on offer. With the BoE base rate predicted to rise in 2014, a 5 year fix could be a better choice for a risk averse home-owner looking for security.
Currently there are various competitive 5 year fixed rates on offer.
The Post office have a 5 year fixed rate deal for 75% LTV offered at a rate of 3.59% with a fee of £1495 and the Leeds Building Society offer a deal with a slightly higher LTV of 80% at a rate of 3.79% with a £999 fee.
Whatever your personal circumstances Deal Direct can search the mortgage market on your behalf to source the most competitive remortgage rates on offer.
Contact our highly skilled independent brokers today and we will starting saving you money from tomorrow.
