Tips For Smooth Remortgages
May 20th, 2008 |
With over a million UK householders reaching the end of their fixed rate mortgage deals this year the market for remortgages should be heating up. Instead, the market has cooled as the effects of the global credit crunch slowly erode the confidence and profits of UK mortgage lenders.
Borrowers with mortgage products that contain fixed or discounted interest rates which were issued two to three years ago face a situation in which they must remortgage or face a huge rate shock this year. Such mortgages are due to revert to the lenders
