Help finding the best mortgage deal.
When looking for the best mortgage deal for your deposit level, you need to consider just how much of a fee are you willing to pay to secure a low rate.
Mortgage arrangement fees are rising, typical fees have increased by around £300 in the last 12 months. When arrangement fees, legal fees and valuations are factored in, the bill for a mortgage can easily reach in excess of £2,000.
In addition some lenders such as Tesco require a non refundable booking fee before your application can be considered. You could end up paying as much as £400 just to apply for a deal, and if your application is refused you could then be out of pocket.
To find the best mortgage you are advised to seek help from Deal Direct as we are up to date on all of the very best and most affordable mortgage deals market-wide.
The cheapest mortgage deals often come with the highest fees, and once all these extra costs have been considered you may find the 'cheapest' is not the 'best'.
After non refundable booking fees and hefty arrangement fees are factored in against a cheap rate, overall the mortgage may not be as competitive as it first looks. Many lenders afford to launch headline grabbing rates because in the background they are clawing back money with their arrangement fees.
Get expert help to find a competitive mortgage with low fees.
When working out which is the best mortgage deal it is vital to work out the overall cost of the deal before making a final choice. This can prove time consuming, so it is advisable to contact an independent mortgage expert to make a comparison on your behalf.
A thorough comparison of all products will ensure you avoid making a costly mistake, expert help could save you thousands.
Deal Direct are an independent 'whole of market' broker who can help you:
- Choose a mortgage type and term.
- Source a low rate, low fee offer.
- Review the entire mortgage market for the best deals.
- Compare all offers on a 'like for like' basis to find the best mortgage deal for your circumstances.
Whatever type of mortgage you are looking for, Deal Direct can find you the best mortgage rates with the lowest fees.
Call an adviser for advice and a quote on 0800 048 8828.
