The best remortgaging rates can dramatically reduce your repayments.
Negotiating the best remortgaging rates can help home owners save a lot of money - even the smallest rate difference can make a large difference to your monthly repayments.
With the base rate remaining at 0.5 per cent, advisers recommend that borrowers switch to lower remortgaging rates no matter what it takes. Any base rate change would result in lenders increasing their loan rates and those borrowers not on a fixed rate deals will see their rate increase. Attractive remortgage deals still exist and by conducting research to find the best deals going home-owners could save hundreds of pounds.
Remortgages as set to become increasingly important in 2012 as home-owners try to ride out the economic problems ahead. A recent survey of 5,000 home-owners by the property website Zoopla, revealed that home-owners are less optimistic now than they were in the third quarter of last year.
A spokesperson for Zoopla commented that the general economic uncertainty being experienced at the moment appears to be adversely affecting home-owners confidence. Home-owners are likely to continue with their cautious outlook until there is a pick up in the overall economy.
Home-owners can still find good remortgaging rates available but they are being advised to make a switch now before the best lender deals disappear.
