Why should you remortgage and where do you find the best deal?

There are two reason to remortgage. Firstly switching to a cheaper remortgage deal can save you money on your monthly repayments. Secondly you can gain access to spare cash by releasing equity built up in your home.

Whatever your reason for wanting to remortgage it is vital that you get the best deal possible.

Remortgage rates have fallen significantly over the course of 2013. If you are coming to the end of a fixed rate deal arranged 2 to 5 years ago, you could find yourself paying significantly less for your home by finding a cheaper rate.

Lenders are competing to attract remortgaging business by offering lower and lower rates. At present 2 year fix rate remortgage deals start at under 2% and the chances are if you are just coming to the end of an existing mortgage, you are paying a much higher rate.

If you are looking to switch from your current lender to get a cheaper mortgage rate, you are strongly advised to make a comprehensive search of all lenders mortgage ranges.

Checking all offers is time consuming and complex, you have to consider all factors such as mortgage criteria, rates, fees, incentives and required deposit levels to find to remortgage deal that will save you the most money.

Conducting a search on your own is possible but highly labour intensive. It is easy to miss out on the best deal by not knowing where to look. Also by searching on your own you will not have access to lenders remortgage 'specials', these are exclusive deals offered through certain broker channels at very low rates.

If you want to remortgage to a lower rate to save money or release equity it is highly recommended that you speak to an impartial and independent 'whole of market' broker.

An independent expert will offer advice based on your needs and not those of the lender. You will be given access to all of the best remortgage rates UK wide and not from just a small handful of lenders.

For independent advice and a low rate quote you are recommended to call Deal Direct. Our expert advisers are here to help you save money on your mortgage.

Call an adviser today on 0800 048 8828.

Let us help you switch to a better deal.