Sunday, August 21, 2005

Should you be remortgaging now?

Over three quarters of property investors and homebuyers are now considering remortgaging this year, according to the Property Investor Show.

The reduction of the base rate from 4.75% to 4.5% at the beginning of this month was the first change in the rate since August 2004 and the first downward move since July 2003.

Lee Grandin, managing director of Landlord Mortgages who will be exhibiting at the Property Investor Show in September, comments: “There has been a visible surge in remortgaging over the last few years. Recently we have seen many buy-to-let investors opting for lifetime trackers as they are at their lowest rates above the base rate. One product we offer is only 0.39% over the Bank of England base rate for the lifetime of the mortgage. The other popular option is three-year fixed rate mortgages which suit investors as they offer some stability but don’t tie them in for too long if rates do come down.”

I normally prefer fixed rate mortgages but these lifetime trackers seem worth investigating. When did you last check that you're getting the best deal on your mortgage package?

Chris Bell

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8 Comments:

At 3:54 pm, Anonymous uk remortgage said...

Great post Chris Bell!, I have been looking to get the latest info on cheap mortgages and found your site when I did a search on Google. Admittedly, Should you be remortgaging now? wasn't exactly what I was looking for but it got my attention and I figured I'd drop a comment. I can see why I found your page when I was looking for cheap mortgages related information and I'm glad I stopped by to say "Hi" even though this isn't a perfect match. Once again, Great post Chris Bell I'll bookmark your site for the future. Have a great day.

 
At 4:34 pm, Anonymous adverse credit mortgages said...

Hi Chris Bell, Don't you just luuuuurve the internet!! I was looking around for up to date information on let to buy and found your site. Should you be remortgaging now? isn't exactly what I was searching for but I enjoyed reading your post and thought it only right to drop in a comment to say hello! Take care, keep up the good work.

 
At 5:35 pm, Anonymous cheap mortgages said...

Great post Chris Bell!, I have been looking to get the latest info on poor credit mortgages and found your site when I did a search on Google. Admittedly, Should you be remortgaging now? wasn't exactly what I was looking for but it got my attention and I figured I'd drop a comment. I can see why I found your page when I was looking for poor credit mortgages related information and I'm glad I stopped by to say "Hi" even though this isn't a perfect match. Once again, Great post Chris Bell I'll bookmark your site for the future. Have a great day.

 
At 5:51 pm, Anonymous poor credit mortgages said...

Great post Chris Bell!, I have been looking to get the latest info on council right to buy and found your site when I did a search on Google. Admittedly, Should you be remortgaging now? wasn't exactly what I was looking for but it got my attention and I figured I'd drop a comment. I can see why I found your page when I was looking for council right to buy related information and I'm glad I stopped by to say "Hi" even though this isn't a perfect match. Once again, Great post Chris Bell I'll bookmark your site for the future. Have a great day.

 
At 9:58 pm, Anonymous uk remortgage said...

I've been trying to find out more about buy to let and came up on your site. Should you be remortgaging now? isn't really what I was looking for directly but I liked your post and figured I'd drop a quick 'Hello'! Keep up the good work and I will continue my quest for knowledge.. Ahhhh don't you just luuuuuurve the internet!! :o)

 
At 10:30 pm, Anonymous commercial mortgages said...

Great post Chris Bell!, I have been looking to get the latest info on commercial mortgages and found your site when I did a search on Google. Admittedly, Should you be remortgaging now? wasn't exactly what I was looking for but it got my attention and I figured I'd drop a comment. I can see why I found your page when I was looking for commercial mortgages related information and I'm glad I stopped by to say "Hi" even though this isn't a perfect match. Once again, Great post Chris Bell I'll bookmark your site for the future. Have a great day.

 
At 6:56 pm, Anonymous commercial mortgages said...

I've been trying to find out more about poor credit mortgages and came up on your site. Should you be remortgaging now? isn't really what I was looking for directly but I liked your post and figured I'd drop a quick 'Hello'! Keep up the good work and I will continue my quest for knowledge.. Ahhhh don't you just luuuuuurve the internet!! :o)

 
At 6:38 pm, Anonymous adverse credit mortgages said...

Hi Chris Bell, Don't you just luuuuurve the internet!! I was looking around for up to date information on poor credit mortgages and found your site. Should you be remortgaging now? isn't exactly what I was searching for but I enjoyed reading your post and thought it only right to drop in a comment to say hello! Take care, keep up the good work.

 

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