The number of homeowners seeking a remortgage is increasing.
Remortgage activity in the UK reached its highest point in 9 years in January, according to the latest market reports.
Homeowners, aware of last year’s rise in the base rate and the probability of more rises this year, have been motivated by the uncertainty of the UK economy.
The most popular remortgage options have been 5 and 2 year fixes. Both options give a level of flexibility should circumstances change, but they also bring a level of certainty.
Remortgaging now could help you to save money when compared to the existing rate you are paying. It could also shield you against any further increases in the base rate over the coming months and years. The mortgage rate you fix today will apply for the duration of the term, fixing your monthly repayment without being subject to any increases.
As many lenders are still offering historic-low rates despite last November’s base rate increase, now remains an excellent time to switch to a new deal.
The service Deal Direct offers means:
- searching the whole of the market for the mortgages that offer the best value
- comparing mortgage options with fees vs without to determine overall costs
- assisting with smoothing the application process
- exerting our influence to gain mortgage approval as swiftly as possible
Find your best remortgage package today with Deal Direct.