For the best mortgage deals, rates, fees & other factors need to be checked.
When you are looking for the best mortgage deals, it is easy to be drawn to low rates but it is important to check fees and other factors to make sure you are getting the best deals. At Deal Direct our experienced advisers can help you through the process and secure the best offers in the market.
If you are looking for a deal at 80% loan to value, a two-year fixed rate can be found at 3.69% but expect high fees of around £1000 with many of these offers. With any rates it is essential to check the fees because higher fees on shorter term loans can easily distort the figures. For example an equivalent mortgage at a rate of 3.99% could actually be cheaper over two years if it were fee free.
With the current low Bank of England base rate some of the best mortgage deals are trackers that are linked to the base rate. If the base rate stays low as predicted, lifetime trackers available at around 3% above the base rate could be some of the best offers, in some cases with low or no fees.
The Bank of England is expected to announce a further decision on the base rate level and this could affect offers currently available. If you are looking for a longer term fixed rate of five years you could currently consider a rate of 4.69% with a fee of just under £100 or a lower rate of 4.49% for a higher fee.
Call Deal Direct for the best mortgage deals throughout the market. We can help you decide which is the best type of mortgage for your situation and secure the best offers available.
Contact one of Deal Direct's skilled advisers today.
