Cheapest re-mortgage deals are enabling struggling home-owners to move.

Lenders cheapest re-mortgage deals are providing the opportunity for struggling home-owners to move home.

Some home-owners who are finding it difficult to sell their house are choosing to become 'accidental' landlords. The cheapest re-mortgage rates are allowing some to rent out their existing property while remortgaging to fund a new house purchase.

New figures from the Co-operative Bank show that around 20 per cent of its most recently approved buy-to-let mortgage business has in fact come from new 'accidental' landlords.

More home-owners who are in a position to do so, are choosing to rent out their property because they are unable to sell. Rightmove's recent figures show that property for sale is sitting around on the market unsold for around an average of 105 days, which is a 25 day increase from this time last year.

Lee Gladwell who is the business development director for the Co-op's intermediary lender commented saying that uncertainty in the UK economy continues to dampen demand for property purchase.

He added that the building society are experiencing an increase in the number of home-owners who are choosing to become landlords as they cannot sell. They are renting out their existing property, taking out a remortgage to move on with a plan to sell their first property when the market improves.

If you are stuck in your present home, Deal Direct as 'whole of market' brokers can search for the cheapest re-mortgage deal on your behalf.

We are fully up to date on lenders remortgage criteria and latest deals and can get you a competitive offer to suit your financial circumstance.