For the best fixed rate mortgage call Deal Direct.
The best fixed rate mortgages are still set at historic lows, but as lenders are facing rising funding costs now maybe the time to lock into a new deal.
By locking into a fixed rate for a 5 year term you could save on future remortgaging costs. By going for a term in excess of 2 years, borrowers can save on additional mortgage arrangement fees as they will need to switch products less often.
Locking into a 5 year fixed deal requires borrowers to pay only one mortgage arrangement fee, as opposed to borrowers who switch every couple of years who will need to pay multiple fees.
Deal Direct can help you get the best fixed rate mortgage deal available in the UK today so contact one of our advisers on 0800 048 8828.
Mortgage fees have risen by 70 per cent in the last year to around £1,400 per deal, which makes repeated deal switching less viable. Borrowers need to factor in these costs when calculating the cost effectiveness of a move.
Some lenders are currently offering 5 year deals with the best mortgage rates fixed at around 3.0 per cent which does not seem such a large premium for borrowers wanting payment security.
A fixed rate mortgage could be right for you if you do not want to worry about interest rate movements and you want insurance against monthly repayments increases.
Call an adviser today on 0800 048 8828,
for advice and a quote.
