Good news for homeowners as house prices rose in November for the fifth successive month, according to the Halifax House Price Index.
The November increase was a nationwide average of 1.4%*, which means that house values have risen 4% since the beginning of the year. Halifax attributes this to higher demand combined with a still-sluggish supply, a situation which has pushed prices up.
A remortgage is simply ending an existing mortgage deal, and switching to a different deal, with your current lender or another lender. In the current climate of low interest rates, you may well find that your mortgage lender’s standard variable rate (SVR) is better than the mortgage deal you are currently on. However, with interest [...]
If your current mortgage deal is nearing an end, you may wish to compare the renewal deal your current lender is offering, for your remortgage, by shopping around. When shopping, you may find that the very best rates are reserved for those borrowers with significant equity value in their homes. It could well be that [...]
