Has the remortgage market peaked?

Has the remortgage market peaked and, if so, does it mean that the record-low-rate window is about to close?

According to some market reports, the number of remortgage approvals has dropped for two consecutive months and are up to 10% lower than this time, last year.

Fewer people are taking advantage of the record-low remortgage rates that are still on offer, as their attention could be more focused on the effects of the rise in inflation and the level of uncertainty fuelled by the outcome of the general election.

In response, and to ignite interest as much as possible, a number of lenders across the UK are still revising rates and introducing new products. Therefore, if you haven’t already investigated what a remortgage could mean for you, today’s market conditions could be an ideal opportunity to make some hefty savings.

Deal Direct are a ‘whole of market’ mortgage broker, meaning the lenders we work with are based all over the UK. We have access to a huge range of products and are ideally placed to source one that perfectly matches your circumstances and financial objectives.

We offer a complete and personalised service, with a dedicated adviser assisting you from when you first enquire right through to completion.

Remortgaging now is a great way to bring some financial security into your life in the face of an uncertain and unpredictable market.

To find out more about today’s low rate remortgage offers, call 0800 048 8828 now.