Reasons to remortgage now.
- Interest rates are currently going up. Wjilst interest rates could also come down, at what point will they stop rising. Are you prepared to take that risk.
- A rmeortgage could reduce your monthly outhong payments considerably. Possibly by £100s if not £1,000s per year.
- Your house has gone up in value over the years whilst your mortgage has come dow, You could get a much better deal.
- Remove the uncertainty and be able to manage your finances more effectively.
- As interest rates rise, mortgage lenders become more nervous of who they lend money to. Due to tigetening of affordability criteria it may be more difficult to remortgage.