Whether you track or fix, check remortgage rates before the best deals disappear.
Some of the lowest remortgage rates available are trackers connected to the Bank of England's low base rate. If you are on a higher rate call Deal Direct for a mortgage comparison. If you do not check you may be paying more than you have to.
Many economists now predict that the base rate could stay low for at least another two years. If you can get a base rate tracker mortgage at a low rate you could benefit. Mortgage rates have risen in the past few months but tracker deals have generally risen less than fixed rates.
Remortgage rates for fixed products are generally higher than trackers as you pay a premium for the security of a fixed rate. Because fixed rates have risen more quickly the difference has widened and the low base rate has kept tracker rates competitively low. If you are not sure whether a fixed or tracker rate is best, you could consider a combination of track and fix available from some lenders.
For example you could combine a two-year base rate tracker, followed by a three year fixed rate. This type of product can offer the benefit of a tracker when the base rate is low followed by a fixed rate which protects you from future rises.
For the latest mortgage and remortgage rates for tracker, fixed and combination products, call Deal Direct. The most important thing is to check to see if you can save money by remortgaging.
Call Deal Direct today.
