Many property owners in the UK who are looking at a remortgage have to face the inevitable question – is now the best time to remortgage or will I get a better deal if I wait a little longer? The truth is that interest rates are on the up and up and if the last few years are anything to go by, you can expect them to keep climbing. There is no indication, even speculation, that they will come down any time soon. As someone who is seeking financing at affordable rates you have to understand that this is the best time for you to make a move if you want the best remortgage rates.
Banks have understood that clients are skeptical and one thing that they are doing to encourage remortgaging is offering fixed interest rates. A fixed remortgage loan is one where the interest rate that you sign up on remains that way until you finish paying the loan. Imagine if you get a fixed interest loan that takes you 20 years to pay off; during this time interest rates will fluctuate but the periods when they are high you will be saving a huge amount of money. It is true that fixed rates can be a point or two higher than the rate at the time you take the loan but the important thing is to think about when the rates climb higher.
The best approach for you, as an individual, is to get a remortgage adviser such as Mortgage Advice Services or MAS. We are professional consultants who are regulated to provide advice on all areas of equity release. Over the years, we have helped hundreds of people remortgage in order to raise capital, pay off their debts and meet their other remortgage needs. We work with the top mortgage lenders in the UK including Santander, nationwide, Halifax, Principality Building Society, Virgin Money, Woolwich Mortgages and Coventry. If your lender isn’t listed here it doesn’t mean we cannot help you; just give us a call for a free consultation.
When it comes to remortgaging our principal aim is to ensure that our clients get the best deal possible. Many people end up taking remortgages that later hurt them because they don’t have all the information at hand when they make the decision. Hiring us to help you figure things out is a guarantee that you don’t have to endure this.
You can call us on 01332 257 087, or visit our website, http://www.mortgageadviceservices.co.uk/, for more information.Labels: debt consolidation, fixed rate mortgages, re-mortgaging, the re-mortgage process