Remortgaging through Deal Direct is a wise move.

Remortgaging when your current deal comes to an end is one of the wisest things you could do.

Shopping around through Deal Direct could achieve for you the lowest remortgage rates possible which would go a long way to reducing your monthly expenditure.

Before your current deal comes to an end you should be considering your remortgaging options. Recent news has been filled with announcements of lenders rate increases therefore the time to look for a new deal is today.

Lenders low standard variable rates have for a while been the default deal of choice for many mortgage holders, who felt no need to switch while such cheap rates were on offer. However all of this changed at the beginning of the month as several lenders announced their SVRs were increasing.

Lenders offers tend to be valid for 6 months, so even if your mortgage deal is not due to end for a while you can still look around now to asses your options.

You can agree a new deal now while rates are low even if you do not move to it for a couple of months.

Currently on offer are some very competitive 3 year fixed rate remortgage deals. The Co-operative Bank and N&P are both offering a tracker mortgage at 2.59 per cent and first direct have a similar deal at 2.69 per cent.

As we have advised on many occasions looking for a deal is not as simplistic as just looking at the head line rate. With fees and charges applied the most competitive offer many not come out as the lowest headline rate.

If you are considering remortgaging options and would like advice or a mortgage market comparison, contact Deal Direct today and we will help you switch to a better deal.