Remortgage advice is in demand by home-owners preparing to weather the storm.

The number of mortgage holders seeking remortgage advice is increasing, as lenders raise their mortgage rates and tighten lending criteria further.

As mortgages become harder to come by and more expensive, expert help is essential in sourcing a competitive deal.

UK mortgage providers are themselves being hit by rising funding costs and are therefore tightening up criteria to limit more risky lending, this is then making it harder for many to qualify for a loan.

Lenders loan to value levels are being adjusted. Recently the Halifax withdrew its 2 year fixed deals at 85% LTV for remortgage, meaning its minimum LTV is now 75%. Also other lenders such as the Nationwide and Woolwich have introduced changes which make it more difficult to port a mortgage between properties.

As some products are withdrawn and others are re-introduced at higher rates, it is becoming increasingly difficult to source a product to switch to without expert remortgage advice. The market is constantly changing and it is virtually impossible for individuals to keep up to date on their own.

With the UK having entered a second recession and rates on the increase due to the eurozone crisis, mortgage holders concerned about rising costs should attempt to switch deals now while competitive offers remain available.

If you are looking to reduce your monthly outgoings contact Deal Direct for remortgage advice.

Deal Direct are an impartial 'whole of market' remortgage expert. We have our finger on the mortgage market pulse and are fully up to date on all lenders product updates.

Contact one of our skilled advisers today for an up to date remortgage comparison.