Choosing between a 2, 3 and 5 year fixed rate remortgage.
Mortgage rates are highly competitive and 2 year deals are set with the lowest rates. Many home-owners tend to think about a 2 or 5 year fix, a 2 year deal because they offer a lower rate and a 5 year deal because they offer increased security.
However, 3 year fixed rate deals are now becoming much more competitive and offer a good choice for home owners who can’t decide which product to go for.
For example, recently a 3 year deal has been launched by the Newcastle BS at 1.99% for 80% LTV. This deal comes with a £698 fee that can be added to the loan.
Rather than overlooking 3 year fixed rates, you are advised to make a like-for-like comparison of all products to find the one which is most affordable overall.
If you want to remortgage your home call one of our specialist remortgage advisers. We have years of experience helping home-owners remortgage to release equity or switch to a lower rate.
Whatever your reasons for wanting to switch deals we can help. We are a whole-of-market broker with access to all lenders deals market wide. We take the hassle out of switching to a new offer.
Contact us to find out how much money we could save you on your home.
Call us today on 0800 048 8828.
