Best mortgage rates available with a large deposit.
The best mortgage rates are generally available if you have a large deposit and cheaper funds are leading to record low rates. Call Deal Direct for the latest low rates on offer from lenders.
If you have a large deposit, or equity if you are remortgaging, you could get the cheapest deals on offer from lenders. As more cheap funds are available from the funding for lending scheme lenders are cutting rates for high deposit deals.
Fixed rate mortgages are an area of the market where competition is bring rates down. As the Bank of England base rate is predicted to remain low for some time, longer term fixed rates are also falling.
Recent rate reductions have seen lenders offer the best mortgage rates ever for 5 year fixed rate deals, at less than 3%. You will need a 40% deposit to get these rates and the fees and criteria for lending vary.
The overall average for a 5 year fixed rate is recorded at a record low level at 4.45% compared to over 5.3% 2 years ago. Averages include the whole range of deals, from the higher rates with the lowest deposit to the lowest rate with a high deposit.
At Deal Direct we source the best mortgage rates across the whole of market, for the most competitive deals for different deposits. We aim to find the best offer available to suit your finances and your individual situation.
Call for a quote today.
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