What’s available if you are remortgaging?

Over the last few weeks Chase De Vere has seen mortgage lenders start to lower their mortgage rates and offer some excellent deals. Abbey and Nationwide have some particularity competitive mortgages, offering a free property valuation and legal service for remortgages.

Abbey, owned by Spanish bank Santander, have ensured they will top the best buy tables by announcing further rate cuts from tomorrow (Wednesday 23^rd July). Their mortgages are specifically aimed at those with 25% equity in their property.

Nationwide has a range of re-mortgage deals that have a free valuation and legal services. Importantly, Nationwide still offer a selection of deals for those with a 10% deposit. Many other lenders have withdrawn these mortgages.

Bank of England base rate tracker mortgages currently offer better value than fixes. Abbey’s two-year tracker rates start at just 5.59% and Nationwide’s at 5.68% for both purchase and remortgages. The average two-year fixed rate is now at 6.96% according to figures released this week.

As a whole of market mortgage broker, Chase De Vere constantly monitors the market to find the best deals. Call one of our expert advisors today to see what we can do for you. At a time where the cost of borrowing is extremely volatile, borrowers should act sooner rather than later.

22nd July 2008