Remortgages And Mortgages Rates Go Down Again.
It is becoming quite difficult to keep up with mortgage and remortgage rates as they are constantly changing at the speed of light it seems. When the Bank Of England base lending rate fell to the historic rate of half of a percent many major mortgage lenders swiftly brought down the interest rates on their remortgage and mortgage products. It appeared that just as quickly they increased remortgage and mortgage rates again. Now some high street mortgage lenders have seen fit to reduce the rates of their remortgage and mortgage products. The Alliance and Leicester has brought in an interest rate at 1.99% on their tracker remortgages and mortgagees, providing that the borrower has a maximum LTV on the equity of his property at 70%., while the Woolwich is granting tracker mortgages and remortgages at 1.98% for borrowers who have a minimum 40% deposit.
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