Now is the time to remortgage to a better deal.
If you chose a new remortgage deal now, you are likely to be rewarded with a far cheaper mortgage rate than you are currently paying. A lower rate will mean lower repayments each month.
If you are a home-owner who took on a fixed rate deal which is due to end or if you have a SVR deal, you could be paying in excess of 4.5%. With remortgage rates starting from under 1.50% it pays to review the market for a lower rate deal to switch to.
For example : If you are a home-owner with a a mortgage of £300,000 on an SVR, you could switch to a cheap 2 year fixed rate deal which could save you as much as £14,000 over your mortgage.
While it is true the lowest rates are aimed at home-owners with 30% to 40% equity, those with lower equity levels can now access cheaper rates too. Remortgage deals are now cheaper at all LTV levels making a good deal achievable.
The remortgage market is immense with hundreds of deals to choose from at all deposit levels. With so many product on offer it is vital contact an independent expert. An independent and impartial remortgage broker can conduct a market-wide remortgage review on your behalf to find the best remortgage deal for your circumstances..
If you are looking to remortgage contact an impartial adviser at Deal Direct today.
Call 0800 048 8828 today for a remortgage quote.
