Make the most of your remortgaging opportunities.
Remortgage rates are currently being kept low, but for how long we don’t know.
There could well be a period of financial instability ahead, as the true impact of the UK’s leave vote becomes apparent. Rates may begin to rise as lenders’ borrowing costs increase. At this point the cost of home-ownership could rise.
With potential uncertainty ahead mortgage-holders are encouraged to act now, and make the most of the fact that lenders are currently keeping rates low to attract borrowers.
Mortgage criteria tightened after the MMR, and these changes impacted remortgaging home-owners as well as those looking to buy. The concern is they could tighten their criteria further to reduce their exposure should the country go into recession. If you delay you might find it difficult to switch deals. In addition, with financial uncertainty lenders could begin to introduce higher rates as a mechanism to control lending.
This means that if you want a new deal, and would like to lock into a low rate to ride the potential economic storm that could soon hit, act sooner rather than later.
Review your current offer by calling 0800 048 8828. Ask to speak to a Deal Direct adviser for no-obligation advice and a whole of market remortgage review.
Our mission is to make home-ownership as affordable as possible, and so we search every lenders range to find the deal that’s most affordable overall, to save our clients’ the maximum amount of money.
Call now and find out how much we can save you on your monthly mortgage repayments.
