How do you get the best remortgage deals? Call Deal Direct.
If you have equity in your property the best remortgage deals may be available to you. The lower the loan to value you are looking for generally the lower the rates of interest charged because lenders offer their best deals to borrowers who are considered lowest risk.
There is a wider choice of mortgages if you have 25% deposit or more. For example if you have a property valued at £200,000 with £50,000 of equity you are on the borderline of moving into a lower loan to value, with less than 25% equity, mortgages can be much more expensive.
If house prices are falling where you live mortgage options could be limited if your property reduces in value. If you are looking for the best mortgage deals, moving quickly could help you get a better rate.
At Deal Direct we are constantly checking the best remortgage deals in the market and we are seeing two, three and five year fixed rate products offered at 2.69%, 2.94% and 3.49% respectively for mortgages of between 60 and 70% loan to value.
We are also seeing a competitive market for tracker products influenced by the low Bank of England base rate. Lenders are offering two year tracker products with rates of between 2.39% and 2.49% for 70% to 75% loan to value and term trackers at 2.69% if you require 65% loan to value or less.
So to get the best remortgage deals act now, call Deal Direct and our professional advisers can source a product to suit your individual circumstances and save you money.
