Source an offer now before lenders best mortgage deals disappear.
Lenders best mortgage deals are being withdrawn.
No one can say with great accuracy what will happen in the future, but at the moment it is unlikely that with the combination of continued eurozone crisis and a double dip UK recession mortgage rates will improve any time soon.
In the last couple of months rates for lenders best mortgage deals have risen substantially. For example the Chelsea BS have increased its best rate for a 5 year fix by 1%, the rate now offered is 4.19%.
UK lenders are now rationing their limited mortgage funding. However despite this fact through Deal Direct there are some competitive rates to be had. When reviewed on an historical basis any rate below 4% is still regarded as cheap.
With more rate increases expected over the summer months would-be home-owners and those looking to remortgage are advised to search the market now before the lenders best mortgage deals disappear all together.
Contact Deal Direct today for an up to date and impartial mortgage market comparison.
