The 2018 remortgage: what does the future hold?
In recent Bank of England report stated that remortgage providers approved a record number of loans in October.
The remortgage market has been very strong throughout the year but approval numbers have reached a high not seen since 2008. The surge came just before the announcement of the rise in the base rate on November 2nd as homeowners raced to beat the hike and lock-in to a low-rate loan.
But, now the base rate has increased, and a little time has passed, what can we expect from the remortgage market in 2018?
Although the base rate has risen, what may come as a surprise is not all mortgage providers are racing to push up their rates. However, while some lenders have cut rates, this may be a short-term move while they take time to review their pricing strategies for the longer-term, beyond the new year.
This means that if you are still looking to find a great remortgage deal, you may not have missed the boat!
If you act quickly, our remortgage specialists here at Deal Direct can compare the best all-round loans from ranges being offered nationwide.
As we’re an independent mortgage broker, not only can we offer you an unbiased assessment of your most suitable remortgage options, but we can give you access to loans you wouldn’t be able to find if you were searching by yourself.
Compare remortgages from across the UK with Deal Direct.
For expert help with refinancing your home,
call 0800 048 8828.
