Switching to a lower rate mortgage.
With news that interest rates aren’t due to rise for another 12 months, lenders are once again starting to reduced their rates and introduce new lower rate offers.
If you are coming to the end of a fixed term you should be searching the market to find a cheap remortgage to switch to. By moving to a lower rate you could save yourself money every month, with 2 year fixes set below 2% and 5 year fixes just a touch higher, it is possible to save a significant amount on your home.
House prices are rising which means equity levels are on the up to. It might be possible for you to release equity in your home while moving to a cheap rate, which could mean not having to pay more than you are currently doing.
If you can’t afford to move up the property ladder and so would like to remortgage for the purpose of home improvements, call us at Deal Direct today.
We can help you find a new competitive offer whatever your deposit level.
To find out how much equity you can release and what rate you will pay, speak to one of our advisers today.
Call us at Deal Direct for advice and a low rate quote.
0800 048 8828
