Rising equity levels provide a boost for remortgaging home-owners.
The news is good for remortgaging home-owners, as rising property prices means an increase in equity levels.
When searching for the most competitive remortgage deals, an important factor is the loan to value level. As equity builds up in your home remortgaging to a lower rate becomes easier. This means that mortgage-holders looking to switch to a cheaper deal will have access to low rate offers.
For the majority of people their home is their largest asset, and therefore it makes sense to make the most of this.
For some taking advantage of rising equity to switch to a cheaper deal is the way to go, for others it is releasing equity to consolidate debt, make home improvements or make an expensive purchase such as a car.
Whatever your reason for remortgaging, with the increased equity you have built up, you have more chance of achieving a competitive offer.
For the very best mortgage quote call us at Deal Direct. We can search the market to find you a deal to switch to. For a lower rate offer or to release equity in your home call us on 0800 048 8828.
We have helped many satisfied clients remortgage and save money. For advice and a quote call us today.
Deal Direct – 0800 048 8828
