

Remortgage Business FallsMortgage brokers across the UK are reporting falling levels of remortgage business during the first quarter of 2009. This fall in remortgaging has been linked to the rapid fall in the Bank of England base rates from 5% to 0.5% in the last 6 months. This has meant borrowers are remaining with their existing lenders rather than looking to remortgage at the end of their introductory deals for new fixed rate or variable rate deals.
The low interest rates arent complete bad news though for first time buyers abd those looking to remortgage. The current low interest rates mean great deals can be found on mortgages and a fixed rate mortgage taken out now on current interest rates could save you huge amounts of money in the future years when the interest rates rise back up to levels previously seen this time last year.
Here at Rainbow we have specialised remortgage advisors offering unbiased advice and access to all the UK's lenders and deals on offer. If you are looking to remortgage then why not see what Rainbow has to offer you. Simply complete the form below and one of our advisors will call you back and give you all the advice you need.