To get the best mortgage rates call Deal Direct.
Everyone is looking for the best mortgage rates following announcements by many lenders that their standard variable rates will rise.
At Deal Direct we source mortgages from the 'whole of market' and offer impartial advice to guide you through the process of finding and securing the best mortgage deals.
The Bank of England base rate has been at an historic low of 0.5% for over three years and this has had a positive impact on some of the great deals being offered. However figures show that over the past six months rates have risen on many lenders products and recent announcements show that they may continue to rise.
Some of the best mortgage rates are only available for a limited time so it is important to secure these deals quickly. Figures from the Bank of England show that an average two-year fixed rate mortgage, with a 75% loan to value has increased by around 0.5% in the past six months.
In the last few weeks a number of lenders have repriced their new deals with rates up to 0.4% higher than previously offered. These include new fixed and tracker ranges from HSBC, Lloyds TSB and Santander. Some deals have also been withdrawn, leaving less competitive products on offer.
Deal Direct are constantly checking the market for the best mortgage rates so that we can secure the best deals. Call us for advice on which type of product is suited to your situation and for a comparison of the most competitive rates on offer.
