Sourcing a 65% mortgage deal.
Choosing the best 65% mortgage is vital, if you what to save money over your mortgage term.
With a large deposit, lenders should consider you low risk. This will offer you an advantage when looking for a deal, in that you should gain access to the lowest rates available.
A lower rate means cheaper monthly repayments. With a large deposit, your mortgage should end up costing you less over the duration of your mortgage term. If you have a 35% deposit you should have access to range of cheaper rate 65% mortgages .
Mortgage repayments are for most house-holds the single largest monthly out going, it is therefore crucial to make the right choice when you choose your deal.
Choosing the right mortgage.
You should review your finances so that you can work out exactly what you can afford to borrow.
A 35% deposit should make your business highly attractive to UK lenders, and highly competitive rates should be on offer.
There are literally thousands of mortgage products on offer, you need to work out which mortgage best suits your circumstances.
After deciding on the type of mortgage you want, you need to work out how long a term you require. With a longer term your monthly repayments will be lower, however factor in that you will end up repaying more over a longer mortgage term .
Seek impartial mortgage advice.
Deal Direct work hard on your behalf to provide an independent whole of mortgage market comparison.
We can compare the best 65% mortgages to come up with the most appropriate and affordable deal tailor made for your needs.
Call an adviser at Deal Direct on 0800 048 8828
