Search out competitive remortgage rates to save money.
Competitive remortgage rates mean you do not have to stick with your current mortgage if the deal has become less cost effective for you, or your living circumstances have changed.
If you are looking to move to a larger or higher priced property, or to release equity from your home for improvements, it may be wise to get a new deal.
Although many lenders do offer portability with their mortgage range, it may pay to check all of the terms and conditions in the small print. The portability will often only apply to the current loan and not to any additional mortgage advances. Meaning it may not transport to a new property.
Lenders often run any additional mortgage increase along side the original deal, but with new terms and conditions. This can mean you are tied to the mortgage deal for a lot longer than you would like and often at a different interest rate.
If these circumstances are affecting you right now then contact us at Deal Direct. We can offer you competitive remortgage rates and deals that avoid these problems.
As we are whole of the mortgage market brokers our experts can search out the best deal to meet your needs. With an outstanding deal from Deal Direct, even with your current mortgage exit fees, your new mortgage deal can be a better financial option.
Many find releasing equity from their current home and extending and improving their property less stressful than moving. Finding desirable remortgage rates can however be a very daunting process.
If you would like help and guidance in remortgaging, contact us at Deal Direct, where we will make it our priority to get you the best deal available.