Barclays suggest their best remortgage deal is a great escape!
If you are looking for the best remortgage deal, Barclays Great Escape products certainly have an eye catching title but what do they offer and how do they compare with products that perhaps sound less interesting?
At Deal Direct we compare products throughout the mortgage market to source the best deals from a wide range of lenders. We are aware of the different lending criteria and advise you which products are most suited to your situation.
Barclays Great Escape products are specifically for home owners wanting to remortgage. Many lenders have specific remortgage products that are offered at different rates from their standard mortgage deals. Barclays 2 year fixed rates at 3.89% for loans up to £100,000 and 4.24% for loans over £100,000 are certainly not the best remortgage deal if you just compare rates.
However their Great Escape products are offered at a high loan to value up to 80% and deals include free application fees and other incentives to switch. If you are stuck on a high standard variable rate but have only 20% equity in your home, there are less options available to you. In this case these deals may be the kind of product that you are looking for.
For the best remortgage deal available to suit your circumstances call Deal Direct. Our knowledgeable advisers can compare all aspects of the latest products with the deal you are currently on, to find a product that will save you money.
