The looming threat of the end of record low mortgage rates.
Mortgage borrowers are urged to start reviewing the market to find a competitive remortgage deal to switch to while rates remain low and criteria is more relaxed.
Since BoE warnings of base rate hikes that are likely to begin in the New Year, concern amongst home-owners is growing as to what will happened with mortgage rates.
If you have already followed our advice and locked into a competitive low rate deal you won’t need to worry for now. If you have not and your deal comes to an end between now and the New Year, you really should be seeking mortgage advice as to your remortgage options.
We cannot urge you enough to plan ahead and consider what will happen when rates rise. Mortgage rates can’t and won’t stay low forever, and once the base rate rises mortgage rates will too.
If you would like to discuss your options to find out what low rate product is available to switch to, call us at Deal Direct on 0800 48 8828.
If you would like a product review and ‘like for like’ product comparison speak to one of our impartial advisers and ask them to source a low rate product for you to switch to.
Don’t wait for rates to rise before deciding to act, look now and lock into a cheap fixed rate offer whilst historically low rates are still available.
For mortgage advice and a low rate quote call us at Deal Direct on 0800 048 8828.
