Looking for the best remortgage deals?

Searching out the best remortgage deals on offer can help you to reduce your monthly costs.

However in a shifting market with rates moving up and down, products withdrawn and re-introduced and lending criteria periodically adjusted, it can be difficult to successfully work out which is the most competitive product.

Deal Direct 'whole of market' brokers are on hand to help, we can source you the best remortgage deals with the lowest rates on offer.

The base rate has been exceptionally low for over three years. With the ongoing eurozone crisis and a double dip recession recently announced in the UK, it is looking unlikely that the Bank of England will increase the base rate any time soon.

However no one knows with any certainty what will happen next and so many home-owners looking to remortgage are opting for the safety of a fixed rate product.

If your current deal is ending then you should consider remortgaging to switch products, rather than reverting to your lender's SVR. Many SVRs are no longer competitive as rate increases have pushed them up to 4% and above.

There are currently remortgage rates on offer over a 5 year fixed term at around 3.5%, which compared to the base rate is relatively high but is relatively cheap when considered on a historical mortgage rate basis.

Cheaper rates are available for trackers but there is more risk involved with such products. Currently lifetime tracker rates are priced around 3%, however this rate will rise when the base rate rises.

However as some experts predict the first base rate increase to be 2017, trackers could still offer a good option.

For the best remortgage deals on offer contact Deal Direct today.