Reviewing lenders remortgage rates can reduce your costs.
Those mortgage-holders who make regular remortgage rates reviews are more likely to cut their monthly costs.
Deal Direct recommend that all home-owners make a review of lenders remortgage rates on a regular basis. A regular update ensures you are aware of what is happening in the mortgage market.
By reviewing the deals available you can be sure you have the most competitive offer. If you find your current rate is uncompetitive you are advised to contact Deal Direct as we can find you a better mortgage switch to.
Prior to the credit crunch a larger proportion of home-owners made an annual review of rates on offer. At this time it was common practice to switch to whichever lender offered the lowest rates and biggest costs savings.
After the credit crunch this situation changed when historically low rates meant it was cheap to revert to lenders SVRs. For many the art of remortgaging was forgotten.
However in the last couple of months lenders SVR increases have reminded mortgage-holders of the value of switching to a cheaper deal.
Those sitting on SVRs with less than competitive rates of 4% and above are advised to vote with their feet and switch.
Competitive remortgage rates are on offer through Deal Direct therefore contact us and let us beat your current lender's offer.
Call Deal Direct today.
