If you are looking for a new mortgage deal, you should compare remortgages from a number of lenders before making a final decision. There are a number of different types of remortgage options to choose from, including:
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Fixed rate - rate is fixed for a specified period, so cannot be affected by base rate changes and is the same month on month until the end of the fixed rate term
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Tracker - tracks the Bank of England rate, so can go up or down
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Discounted - Usually has a period of two or three years where you pay less interest
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Offset - Offset the mortgage with any savings you have and pay interest on the difference
Once you have decided which type of deal to go for, one of the main things to think about when you compare remortgages is the rate of APR attached to the loan, and also any setup fees; a low APR may actually turn out to cost you more in the long run if there are huge set up fees.
You can find out more about the various remortgages deals on offer using our FREE service. To compare remortgages, just check out the table below and fill in our simple form to compare quotes from accross the whole market.