Remortgaging in 2016 - house prices are rising.
Soaring house prices mean home-owners in 2016 will have more equity to release to carry out home improvements, buy a high value item or consolidate debt.
With mortgage rates set low, this route in the short term could offer a cheap form of lending. However when releasing equity, it is important to consider all factors. Such as while the rate you will pay now is cheaper than a bank loan, over the whole term of your mortgage you could end up paying far more than with a higher rate but shorter term loan.
To find out if releasing equity is a good move speak to an independent financial adviser.
Whatever your reason for remortgaging in 2016, an adviser at Deal Direct can help you. Call us and let us help you find a deal to release the funds you need.
Our advisers are experts at what they do. Not only can they help you to release equity, they may also be able to switch you to a lower rate so that you end up with similar monthly repayments to what you have now but for a larger mortgage.
Debt consolidation is not always the most suitable option, consolidating debts must be carefully considered.
It will usually mean more interest over a longer repayment term and there may also be early repayment penalties on your current mortgage, you should think carefully before securing other debts against your home.
There are other ways to manage debt such as free debt advice charities, you can find out more by contacting the Money Advice Service, these services may be more suitable for you.
To discuss your circumstances and receive a free low rate quote call us on 0800 048 882.
Speak to us today for a free quote
0800 048 8828
