Remortgage rates continue to be competitive.
Despite August’s rise in the base rate and the latest decision to hold it at its current level, remortgage rates continue to be competitive.
Barclays is one lender to have shaved percentage points from its residential remortgage range. The pricing review affects products from the bank’s 2 and 5 year fixed-term rates.
2 year fixed term remortgage plus fee:
- Maximum loan size increased to £400,000 for up to 95% LTV
- Rate of 2.03% for up to 90% LTV
- Rate of 1.70% for up to 60% LTV
5 year fixed term remortgage plus fee:
- Maximum loan size increased to £400,000 for up to 95% LTV
- Rate of 2.45% for up to 90% LTV
- Rate of 2.03% for up to 60% LTV
The reductions to Barclays’ rates may be due to other lenders’ price reviews but also to the slowing of the market over the summer. Not all lenders are following suit though. Consequently, seeking professional advice from independent mortgage broker, Deal Direct, would be the best course of action to secure the ideal refinancing product for you.
Regardless of your motives for remortgaging, Deal Direct can help to guide you through the maze of ranges and pricing on offer. Having made an enquiry with us, your dedicated advisor will review your current situation with you to fully understand your needs and priorities before searching the market for your next mortgage.
Contact Deal Direct on 0800 048 8828 for
expert remortgage support.
