Remortgage rates may increase after week of turmoil
The crisis amongst Britain’s banks last week will cause a knock on effect for the cost of remortgages according to Savills Private Finance.
The city broker expects lenders to increase their rates in response to last week’s turmoil. For a remortgage on a typical £200,000 home loan the rates could rise as much as £600 a year for the borrower.
This will leave borrowers needing advice on remortgages as many will be seeking the best remortgage deals.
Remortgage deals - a free remortgage comparison service to give you the best advice
