Deal Direct experts in finding you the best mortgage
Finding the best mortgage can be a very time consuming experience searching through all of the latest deals and obtaining several different quotes from lenders to compare. This procedure becomes a complicated process especially if you have specific mortgage requirements or adverse credit.
At present home buyers have the opportunity to access historically low mortgage rates which remains very good news and so you would think would lead easily to a cheap mortgage deal. However finding the best mortgage is not only about low interest rate deals but the whole package and this includes lending arrangement fees. It seems lenders are announcing low interest rate mortgages but there is often a sting in the tail with high arrangement fees.
Home owners wishing to remortgage and also first time buyers are feeling the pressure due to these soaring fees which have risen by up to 70 per cent within the last 2 years. Comparing the total cost of a future mortgage and associated fees is an overwhelming process and best done with a mortgage broker who has access to the best mortgage market deals at any one time and can help you decipher the options.
Recent research shows that buying is cheaper than renting at present due to the continued low mortgage rates with a 37 per cent decline in the average borrowers mortgage repayment. It also
appears to be the perfect time for first time buyers to make a leap onto the property ladder as many lenders have re introduced 95 per cent mortgages presenting the best mortgage news for these potential borrowers for some time.
