Remortgage to save money while rates remain low AND you still can.
Lenders remortgage deals are as cheap as they have been in years but this may not be set to last. With fixed mortgage rates predicted to rise you are advised to remortgage this summer while low rates remain on offer.
Mortgage rates started to fall after the Government launched its Funding for Lending scheme, and rates then fell further after the launch of the Help to Buy scheme. Mortgage rates hit historic lows and things were looking good for home-owners.
The most recent news however is rates could be on the rise due to an increase in swap rates.
With mortgage payments being for most home-owners their single largest expense, it makes sense to be on the best deal possible. Regularly reviewing the market and switching to cheaper products makes total sense, why pay more than you need to after all?
If you are coming to the end of a fixed mortgage period, if you are looking to purchase a first home or move house, or if you are looking to invest in property you are advised to act without delay before rates increase.
Some lenders such as the Newcastle BS have already introduced rate increases, and Paragon Mortgages has withdrawn its fixed rate products so change is afoot.
Remortgaging to a cheaper deal makes sense while low rates remain on offer. By waiting you could well miss out on a deal that could save you thousands over the course of your mortgage term.
Whatever your equity level call Deal Direct on 0800 048 8828 to find you a highly competitive remortgage deal.
Contact an adviser today.
Let us help you save money while rates are low.
Call 0800 048 8828.
