How to remortgage your property and stay sane, as interest rates continue to rise ⤵️
“With the speed at which deals are being withdrawn and replaced, brokers are having to tell some consumers that they have not made the deadline on almost a daily basis,” said Nick Morrey, technical director at mortgage brokerage Coreco. “Most are desperately trying to secure the best deals they can for their clients.”Should I wait before remortgaging?
Some banks offer competitive rates this way, some don’t and it is rumoured that the Government is putting pressure on lenders to offer more competitive rates this way. In general, lenders will allow you to extend your term up to a borrower’s 70th birthday. Many will allow you to change the term midway through a fixed-rate deal.
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