Compare remortgages to avoid the mortgage time bomb.

By contacting Deal Direct to compare remortgages many home-owners may the able to avoid the 'mortgage time bomb' which could go off as lenders increase their SVRs.

The Royal Bank of Scotland and NatWest have announced a SVR rate increase and it is looking likely that the Halifax will follow suit.

The Halifax are expected to announce an increase to its SVR and so customers might want to look around and compare remortgages to see what alternative deals are on offer.

The Halifax is owed by the Lloyds Banking Group, which in turn is 41 per cent owned by the government who rescued the failing bank with taxpayers money during the crisis in banking during 2008-09.

While SVRs may well increase it is important to note that any rate around the 4 per cent level is still historically a very good deal. Despite doom and gloom forecasts there are still some very good deals on offer from lenders.

Those who have been notified of a change to their lender's SVR should have time to switch deals. For those whose SVR is about to increase, it could pay to have a look around the market now to compare remortgages on offer as there may be a more competitive deal available.

Here at Deal Direct we are familiar with different remortgage providers lending criteria and we are best placed to source you a competitive re-mortgage deal.

Fill in our enquiry form opposite or telephone 0800 048 8828.