The best fixed rate remortgage deal.
Finding the best fixed rate mortgage is best done through market experts Deal Direct. We are independent 'whole of market' brokers with access to all lenders rates. We can get you the best deal at the best rate to reduce the cost of your home-ownership.
The benefit of a fixed rate is you can better plan and budget, and for risk averse home-owners there is security knowing monthly costs will not rise for the agreed period
A general guide is the longer the mortgage term the higher the rate. A longer term 5 year fix comes at a higher cost than a 2 year fix, and remortgaging to a lower rate mid-term can be costly.
Working out which deal presents the best overall value depends on your circumstances. With so many deals on offer choosing the right mortgage can be difficult.
When deciding how long to fix your remortgage for there are various things to consider before choosing the term. There are many questions you need to ask yourself, for instance how long do you intend to remain in the property? If you move home before the end of the agreed remortgage term, it could prove costly if you have an ERC to pay.
If you plan to move after just a couple of years, you could consider a shorter term 2 year fix, or choose a longer term fix with no ERC.
If you want longer term security should you fix for 10 years? A decade is a very long time and a lot can happen. Rates can go up but they can also fall. If you lock into a longer term remortgage deal you need to ensure you can make changes penalty free
With so many factors to consider it is easy to make a mistake when reviewing the market on your own. Therefore the best advice is to seek help through us, we will guide through choosing the best possible fixed rate deal for your needs.
Contact Deal Direct today by calling 0800 048 8828.
