With 5 year fixed rates starting from just 2.85% it makes sense to remortgage.
The remortgage market is heating up as lenders compete for business with the release of new low rates offers.
Several lenders have cut their rates in recent weeks including Barclays, the Halifax, the Nationwide and HSBC.
With predictions of an interest rate increase in the coming months and a gradual rise to 3.0%, it could be worth switching to a low rate longer term fix in order to avoid rising rates.
Over the summer rates began to creep up leading to fears that low rate deals were at an end, however recent competition between lenders has meant cheap deals still remain on offer.
5 year fixed rate offers include:
- 2.85% for 65% LTV - Chelsea BS
- 2.89% for 65% LTV - Yorkshire BS
For those looking for longer term mortgage security Barclays offer a 10 year fixed rate mortgage 3.99%.
With literally thousands of mortgage products available UK wide, it makes sense to check each lenders remortgage range to find a deal to save you money on your home. The easy way to search all lenders offers is to call Deal Direct and speak to one of our fully qualified impartial advisers.
We are here to find you the right remortgage to save you as much money as possible on your home.
Call us on 0800 048 8828 and let us help you switch to a lower rate mortgage.
