Remortgage deals from UK lenders are at the lowest rates for a decade

Current remortgage deals UK lenders offer, are at very low levels when compared to average deals offered by lenders over the past 10 years. Mortgage lenders have also been offering free valuations and free legal work with their remortgage deals which have further helped to keep costs low.

Remortgage deals UK lenders offer change according to economic outlook and perceived risk in lending. In recent weeks lenders have shown they perceive risk to be high due to the UK economy outlook and problems in the eurozone. Talks of another recession have led some lenders to pull their very cheapest rates. Lenders are currently offering remortgage rates from around 2.19 per cent.

In their January meeting, the Bank of England’s Monetary Policy Committee chose to withhold any further quantitative easing which could well mean remortgage deals may change again. Lender's lack of confidence in the future outlook of the economy will affect the rates they offer. Data from the final quarter of 2011 will soon be out and, according to the figures on growth or lack of growth in the economy, home-owners may see further changes in the remortgage market.

Current remortgage deals UK lenders are offering are very good and those home-owners who wish to remortgage are being advised to make a decision soon before the best deals disappear.