Remortgage rates

16 October2009

Remortgaging is an important part of being a homeowner. It is an opportunity for you to secure a better deal on your mortgage, which could boost your finances for at least the next couple of years - especially in the current climate, when rates are relatively low.

The remortgage rate you`re likely to be offered can depend on a number of factors.

What can affect the remortgage rate I`m offered?

Currently, the best interest rates offered on remortgages are much lower than in recent years - meaning you may have an opportunity to get a lower rate than in the past, saving you money each month.

However, you`re only likely to be offered the very best remortgage rates if:

  • Your credit history is good. If you`ve struggled in the past and have missed payments, lenders might offer you a remortgage with a higher rate than the best rate they have advertised.
  • You have a large deposit. Many banks require at least a 25% deposit for their very best rates, while a few might even ask for 40%. Remortgages that only require a 15%, 10% or 5% deposit are likely to carry a higher remortgage rate (and/or a higher arrangement fee).

Even if your circumstances are less than perfect, though, you may still be able to find a highly competitive remortgage deal - it might just take a little longer to find.

How can I find the best remortgage rate?

There are a number of websites that can help you to find the right remortgage deal for you. However, not all lenders advertise all their deals on these websites, so it`s also worth searching the market yourself to see what you can find.

This can be time-consuming, though, so it`s worth speaking with an expert mortgage adviser, who can help you to find a deal that meets your needs.

Remortgage with Think Money

Our expert mortgage advisers will search our panel of High Street lenders to find the best deal for your circumstances. We`ll also take care of all the paperwork on your behalf.

If you`re looking for a remortgage deal, click here for more information or call us today on 0800 195 2913.

Note: it`s vital that you think carefully before securing any kind of debt against property - you may lose your home if you don`t keep up with repayments to a mortgage or any other debt secured against it.

Fill in our form to find your mortgage solution

About your mortgage
Amount required:
Your information
Title: First name: Surname:
Telephone 1: Telephone 2: Email:
By continuing, I agree to the privacy policy

Tags: remortgage, rates, remortgage rates, mortgage rates

Fees payable when continuing service is provided. Repaying debt over a longer period may increase the total amount to be repaid. Calls are recorded and are usually free from UK landlines. Mobile phone users may be charged and should check with their service provider. Cards are provided by third parties and are subject to eligibility, status and terms and conditions. Applicants must be UK residents aged 18 or over.

All About Money Limited © 2013. All rights reserved. 42 Boston Rd, Sleaford, Lincolnshire NG34 7ER.