Shrewd home owners benefit from consistently low remortgage rates. 

An increasing number of home owners are benefitting greatly from consistently low remortgage rates. According to the Bank of England, the number of you seeking a remortgage is at its highest point since 2008.

Mortgage lending to individuals has increased by an average of £4.7 billion in the six months to October last year, say the BoE. However, in November, home lending exceeded the average and increased to a huge £5.1 billion.

Lenders are continuing to offer exceptionally low remortgage rates, despite the uncertain tone of today’s climate. Home owners are seeking to take advantage of this by saving themselves some money, at the same time as creating financial certainty for themselves by switching to a better deal. 

The unprecedented amount of deals available means an increased level of choice. This can be good news as it keeps the market competitive. The downside is that the amount of choice can be overwhelming and confusing. How do you decide which deal is right for you?

By contacting mortgage broker, Deal Direct, you can place yourselves in the best position possible to obtain a great mortgage offer. If you are currently on your lender’s standard variable rate, or your current fixed rate deal is coming to an end sometime in the next six months, the advice is to speak to one of our professional advisers for a no-obligation quote.

There is no telling what will happen to mortgage rates in the near future, but the feeling is that the record lows cannot last forever. Join the leagues of shrewd home owners and remortgage now while the record rates continue.

To find out how much you could save by remortgaging, call Deal Direct on 0800 048 8828.