Welcome to the LC UK one stop destination site for remortgages & mortgages... with such choice in the UK, we can help you select the perfect solution for your unique needs... simply fill out the enquiry form opposite and we’ll do the rest!
Following the Bank of England's decision to hold interest rates at 5.25 per cent, homeowners are being urged to consider taking out a better mortgage deal.
According to Ray Boulger, spokesman for mortgage firm John Charcol, many borrowers will probably go for a fixed or capped rate because of the "peace of mind they offer".
Another possibility is to go for a tracker mortgage of which there is an outstanding range, he said.
"An excellent choice of two-year trackers is available well below bank rate and it is even possible to buy a three or five-year tracker mortgage below bank rate with no early repayment charges at any time and a droplock option," Mr Boulger added.
He also said that recent interest rate hikes has started a slowdown in the market, despite the fact that a shortage of property in many areas is placing an upward pressure on prices.
As the business and finance communities gear up for a much-expected rate rise before the summer, calls for homeowners to remortgage are likely to increase.
Some lenders, such as Alliance & Leicester, are already encouraging borrowers to apply for a more competitive tracker mortgage as the threat of higher monthly payments becomes apparent.
Let us help you find the perfect remortgage or mortgage for you.
This site is an independent marketing website and not a lender or financial adviser. We pass enquiries to financial service providers and cannot offer advice and are not responsible or liable for any financial service obtained through a third party.
You may be required to pay a broking fee. The fee will depend on your circumstances, an indication is 1%. Early repayment charges will apply. They will vary depending on the mortgage you choose. Overall cost for comparison is 7% APR. Actual rate available will depend upon your circumstances. Ask for illustration. APR variable and based on a usual case.