Is now the best time to remortgage?

With rates having hit rock bottom now really is a good time to remortgage.

Mortgage rates start as low as 1.18%, and so if you are currently sitting on a higher rate you could save thousands over the course of your deal by switching.

At present the prediction is for the BoE base rate to remain at 0.5% which is good news for mortgage rates.

If you would like to review what the market has to offer contact us at Deal Direct for a ‘whole of market’ review. We can check every lenders range to find you a lower rate to switch to save yourself money.

With rates set low it is vital to consider the fees charged. It is therefore necessary to make a ‘like for like’ comparison of all remortgages on offer to ensure you really do end up with the best value deal. There’s no point in switching to a lower rate only to find out the fee charged means yours is not such a good offer after all.

However be aware that comparing products ‘like for like’ is not as straightforward as it sounds. With varying terms, rates and fees mortgage comparison can get very complicated in no time at all.

When you go direct to a lender you end up with what they have on offer which may not be that competitive against the wider market. You are therefore recommended to seek impartial and professional advice when looking to switch as that way you will be given the very best offer the market has available.

For impartial mortgage advice contact us at Deal Direct. You can speak to one of our advisers by calling 0800 048 8828 or alternatively you can click on the button below to make an immediate online search.

Contact us today and let us help you switch to a cheaper deal.

Call 0800 048 8828.