Beat future base rate increases and remortgage now.
The remortgage market in the UK is growing due to homeowner expectation of further rises in the base rate.
Fears are high because of the ongoing uncertainty caused by the prospect of a deal or not concerning Brexit. The possibility of there being additional increases in the base rate as a result of these faltering negotiations will be reflected in the pricing structure lenders' choose in the future.
The fear is that monthly repayments will become more expensive and this is giving borrowers cause to stop and think about their current mortgage position.
To avoid paying much higher rates in the coming months and years, you can fix your monthly repayments now by remortgaging.
The first advantage of doing this now is that rates are still low with many offers including additional incentives that may not be available further down the line.
The second advantage is that you have a much wider selection of mortgage products to choose from. The wider choice means you can choose the length of term to suit you from 2 to 10 years and possibly even beyond.
Which term would be ideally suited to you will depend on your current status in terms of:
- Your present mortgage
- Whether you are employed or self-employed
- Your future plans
Deal Direct’s expert remortgage advisors will be very happy to review your circumstances and recommend the most appropriate alternatives. This may include switching to a different product with your existing lender or changing to a different lender entirely.
Whatever route to remortgage you choose, Deal Direct are on hand to guide you every step of the way.
When it comes to finding your next mortgage, don’t leave it to chance and consult with the experts - Deal Direct.