Yorkshire BS offer roll over remortgage deals.
What are roll over remortgage deals?
A roll over remortgage is a new product designed by the Skipton Building Society for home-owners who are almost at the end of their complete mortgage term.
Many mortgage holders close to the end of their mortgage term do not consider reviewing competitive remortgage deals, choosing instead to revert to their lender's SVR.
However a competitive remortgage makes sense at any point in your mortgage term, especially for home-owners on a SVR that has increased.
If you are only a couple of years from paying off your mortgage you could still save money by switching to a lower rate. With investments and pensions performing poorly, anything you can do to reduce the amount you need to pay on your mortgage is worth it.
Yorkshire BS has therefore announced the launch of a remortgage for home-owners close to the end of their term, called the roll over remortgage.
This innovative new product offers home-owners a fixed rate of 2.99% for a loan to value level of 65% or less. Each year one month prior to the annual renewal date, home-owners are advised of the rate for the following year. At this point they can decide whether or not they wish to continue with the deal.
Contact Deal Direct for a comparison of this new product against other competitive remortgage deals on offer.
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