HOW TO GET A GOOD DEAL WHEN REMORTGAGING – WHICH?

Homeowners face higher mortgage costs as base rate rises to 2.25%

Rising rates could cause a shock to homeowners due to remortgage in the remainder of 2022, at a time when the cost of living is soaring.

Mortgage rates are more than 2.5% higher than they were two years ago, meaning borrowers coming to the end of their fixed term may face higher costs when they switch.

Here, we explain what’s happening in the mortgage market and provide a step-by-step guide to getting a good deal when remortgaging.

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