Remortgaging could help those struggling financially.
With a double dip recession announced, remortgaging could help some home-owners who are finding it a challenge to cope with the rising cost of living.
Remortgaging to release equity may not be an appropriate solution for all home-owners and is something that needs to be carefully considered. However those with a high level of equity with both a good credit report and steady income, should have access to competitive deals which could help them to ride any financial storm.
A remortgage allows you to move your mortgage to an alternative lender if want a cheaper deal, if you are at the end of your fixed term and want to source a new offer or if you want to increase the size of your loan to release equity.
Some home-owners may find that since UK property prices have fallen, they do not have sufficient equity to remortgage as lenders have tightened their criteria and have limited many low deposit deals.
However if there is a competitive remortgage deal on offer suited to your circumstance Deal Direct will find it and help you to switch. Deal Direct are a 'whole of market' broker, our highly qualified advisers are up to date on all products available throughout the UK mortgage market. We have access to rates that are advertised and some that are not.
While in general lenders are restricting lending to control demand, some are releasing highly competitive and exclusive offers through Deal Direct.
If you are looking at remortgaging you should contact Deal Direct for a competitive offer today.
Contact Deal Direct now.
