Finding the best mortgage deals can be complex.
Lenders best mortgage deals are now generally reserved for those who are considered a low risk with a large deposit.
The eurozone crisis has increased UK mortgage providers concerns and have made lenders increasingly risk averse.
Some lenders still lend to would-be buyers and those looking to remortgage with a low deposit, however the mortgage rates offered are not as competitive as those offered for a larger deposit. Lending criteria has also been tightened meaning that not everyone who applies is likely to be accepted for a deal.
Buying property is likely to be the largest single purchase you will ever make and it is essential to get it right.
For this reason inexperienced would be buyers and those looking to remortgage are advised to enlist the services of independent mortgage experts Deal Direct. We are up to date on all lenders offers and mortgage criteria. We can search for the best mortgage deals on offer and will only recommend those whose lending criteria we know you fit.
In general mortgage lenders will allow you to borrow 3 times your salary if you are making a sole purchase, or 2.5 joint salaries if you are purchasing a property with someone else. There are many types of deal available from fixed to variable to offset, and Deal Direct will review your financial circumstances to advise which type of product we consider most suited to your needs.
Contact 'whole of market' broker Deal Direct for independent mortgage advice and an up to date comparison of the best mortgage deals on offer.
Contact Deal Direct today for a mortgage quote.
