Millions of homeowners could save money by remortgaging

The majority of our clients are purchasing new properties at the moment, but there has been an increase in the amount of borrowers looking to remortgage. According to research by Standard & Poor's more than half of borrowers could save money by switching to a cheaper mortgage rate. The lenders are certainly trying to tempt people in and there are a host of best buy mortgages available. Halifax for Intermediaries is offering an impressively low two-year fixed rate at 1.89% and it has a £1,499 arrangement fee. The lender will pay the remortgage costs and the deal is available to a maxim of £1 million. For those looking for long term payment security, NatWest for Intermediaries has a five-year fix at 2.79% and it has a £995 arrangement fee. The maximum mortgage is £1.5 million. To access both of these mortgages you will need a 40% deposit. If you would like help to secure a best buy mortgage, call us on 020 7016 0790. August 7, 2013