Remortgaging could protect you from rising interest rates.
Recent research has shown that a high percentage of UK mortgage holders are unprepared for the effect of a potential interest rate rise.
The knock on effect of rising interest rates is home-owners could end up paying more for their home, as once interest rates rise it will only be a matter of time before mortgage rates rise too.
A survey of over 3,000 home-owners has revealed that over 55% have no plan in place should rates climb. While the BoE rate has been at an historic 0.5% low since 2009, this is not to be the case much longer according to the Bank of England.
It is predicted that interest rates will rise over the coming months. Therefore the advice for mortgage-holders on a fixed rate mortgage coming to an end, or a variable rate deal which will rise in line with interest rates is to remortgage.
By remortgaging now you could end up with a new deal still at a low rate. As interest rates rise so will mortgage rates and so your chances of securing a very low rate deal may reduce the longer you leave it.
To get yourself a new mortgage speak to us at Deal Direct, we are an independent 'whole of market' broker with access to all lenders mortgage ranges UK wide
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We can search the entire market to find you a mortgage to save you money on your home.
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We can help you prepare for an interest rate rise by finding you a highly competitive and affordable mortgage to lock into.
For an independent review of the best deals available call us on 0800 048 8828. We are here to help you save money on your home.
Call us today on 0800 048 8828 for advice and a low rate quote.
