Re-Mortgages Could Soar This Year

Featuring the latest news and statistics to help you fish through the jargon and understand the market.

Get in touch!

Name(Required)
Newsletter
This field is for validation purposes and should be left unchanged.

Over 1000 5 Star Reviews on Google

Google reviews G

Re-Mortgages Could Soar This Year

Couple using a laptop

According to new research from Moneyfacts, the number of applications for re-mortgages is predicted to increase this year as many enjoying low interest rates now see their 2 year fixed rate mortgages expire. The current mortgage SVR is 4.89% following the recent bank of England interest rate rise and this would see many homeowners hit with a huge hike in their mortgage payments unless they re-mortgage.

In comparison to the current SVR, an average 2-year fixed rate mortgage is 2.47% which would reduce payments significantly for those currently on their lender’s standard variable rate. Thousands of homeowners will have taken out a fixed rate re-mortgage when mortgage interest rates hit historic lows in 2017. Unfortunately, the tide now appears to be turning and it may be wise to take out a fixed rate deal sooner rather than later with the outlook uncertain when it comes to further interest rate rises this year.

If you are a homeowner currently in a position to re-mortgage your property and you are coming to the end of your fixed rate deal, then it is important to start the process of shopping around for a better mortgage. Not only can this reduce what you would pay on a standard variable rate but also the term of the mortgage if you are able to overpay. If you would like to re-mortgage, then please speak to one of our advisors who can look at the whole of the market to find you the best mortgages.

Latest News

What is a House Under Offer?

When you’re looking at buying your first house, or any house for that matter, you’ll come across many different terms and sayings that might become confusing or overwhelming. One of [...]
Read more

What is a Completion Date?

Your Completion date. The day where you finally get the keys handed over to you and you can officially call a property yours. We’re here to break down everything you [...]
Read more
Get in Touch

Contact us today for a free quote

Speak to us now on 01244 955 399 or request a callback from our team.

Get in touch!

Name(Required)
Newsletter
This field is for validation purposes and should be left unchanged.

Go Green with Green Mortgages.

Our experienced advisors are always on hand to answer your queries, update you on your cases progress and assist you in any way we can.
Green Mortgages Footer Logo
Enjoy a greener financial future with Green Mortgages
Join Our Newsletter
Green Mortgages, All rights reserved. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. Green UK Mortgages Ltd, trading as Green Mortgages, is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Conduct Authority. There may be a fee for mortgage advice, however the precise amount depends on your circumstances. As we are independent and whole of market our fee may vary will be relative to your circumstances. Green UK Mortgages Ltd is registered in England and Wales with company number 11357070. Registered Office: Cholmondeley House, Dee Hills Park, Chester, CH3 5AR. The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Complaints Procedure     |     Cookies Policy     |     Data Protection