Which are the best mortgage rates when comparing trackers and fixed rates.
If you can get the best mortgage rates for trackers and fixed rate mortgages how do you decide which is the best in the long term. Call Deal Direct for guidance and advice on how to compare different types of mortgage and the best rates available in the market.
Some economists suggest that the bank of England base rate may not rise for between 2 and 4 years. The International Monetary Fund has even suggested that the base rate could be reduced further. What happens to the base rate obviously influences which type of product is the cheapest.
Best mortgage rates for trackers over 2 years at 2.69% are lower than 2 year fixed rates at 3.34% on the assumption that the base rate remains at its current low level. The tracker repayments would remain the lowest rate until the base rate rises by 0.65% in this example.
While fixed rates offer the security of knowing your payments are not going to change for the fixed period, they generally cost more for that security. If base rates stay low until 2016, as some predict, a base rate tracker at a competitive rate could save you money.
At Deal Direct we can secure the best mortgage rates for both trackers and fixed rate products.
You can compare the rates and the risk.
We can help you understand which is the best product for your individual circumstances and secure you a great deal.
