Fix your mortgage rate now or you could end up paying more.
If you are finishing a fixed rate mortgage term or you are looking to remortgage or purchase a new home, you are advised to find a deal now while low rates remain on offer.
Fixed rate mortgages are currently set at historic lows, however how long that will remain to be the case remains to be seen.
Over the summer we could see mortgage rates rise, so if you fail to lock yourself into a low rate deal you could end up paying more for your home that you need to.
According to mortgage analysts there is at present nothing to be gained by waiting to fix your deal. If you want to see rates fall further you could end up disappointed, you could end up with a far higher rate. Rates are predicted to rise over summer and not fall so look for a new mortgage sooner rather than later.
If you want to lock yourself into a cheap fixed rate mortgage, there are still various competitive products on offer from lenders such as Abbey and Barclays.
In addition, some lenders have mortgage exclusives only available through certain broker channels such as Deal Direct.
Rather than waiting to see what will happen you are advised to act and get yourself a cheap rate deal while you can.
For advice and a low rate quote call independent 'whole of market' broker Deal Direct on 0800 048 8828.
Our impartial advisers are here to take your call. They will review the market to find you the right deal at the best rate available.
Why pay more for your home that you have to if Deal Direct can find you a cheap fixed rate mortgage?
Speak to an adviser today.
