What are cheap UK remortgage deals?

Cheap UK remortgage deals provide customers with good priced remortgage deals in the UK, and are particularly popular at the moment with interest rates being so low. As interest rates have stayed low for so long, lenders are having to commence a mortgage and remortgage price war which is driving down the price of remortgaging your home, and the interest rate you will pay on your remortgage.

Cheap UK remortgage deals provide customers with the opportunity to either fix their remortgage interest rate, or to take out a tracker rate remortgage, which will allow their interest rate to track the Bank of England base rate plus a couple of percent.

Fixed rate cheap UK remortgage deals

Fixed rate UK remortgage deals have been very popular in the last few years, after the Bank of England base rate dropped to 0.5% after the last economic crisis. Customers took out fixed rate cheap UK remortgage deals thinking that the interest rate would start to increase when the economy recovered, which it never has.

After over two and a half years, the Bank of England base rate is still at 0.5%, and the recent Eurozone crisis has left the monetary committee considering lowering the interest rate further.

The rate however is likely to increase in the next year or so, so five and ten year fixed rate deals could prove to be extremely attractive. Those customers who want to take advantage of the low interest rates for now may be interested in tracker rate remortgages

Tracker rate cheap UK remortgage deals

Tracker rate cheap UK remortgage deals will track the base rate, plus a certain percentage. That percentage will be higher, the longer the term of the tracker remortgage. Customers who take out a tracker rate cheap UK remortgage deal now will hope that the base rate stays the same for as long as possible. If the base rate increased by 0.5%, then their remortgage interest rate will increase by 0.5%, and their monthly repayments would increase accordingly.

Where can I find cheap UK remortgage deals?

You can buy cheap UK remortgage deals on remortgage.com, and we have a huge range of remortgage options for every customer. You can compare cheap UK remortgage deals online and find the best deal for you, as well as comparing the arrangement fees and any early exit fees that may apply.