Fixed rate mortgage options for larger deposit borrowers.

With swap rates rising you are advised to get your new fixed rate mortgage sorted. If rates do rise then increases will happen at all deposit levels, and while having a larger deposit will still greatly help the rate you achieve it will make not you immune to rising rates.

Once mortgage rates rise borrowers at all deposit levels will be affected.

So if you are looking to buy a new home or remortgage to a lower rate now is the time to act before rates and property prices increase further.

With a large deposit you will find lenders offering their best mortgage rates, and if you are fortune to have 40% + as a deposit or equity then you will get the cheapest rates of all. 

For those looking for a fixed rate mortgage there are various deals to consider covering longer and shorter term periods.

5 year fixed best buy mortgage rates include:

• N&P 60% LTV at 2.74% - £385 fee and £200 cashback on new purchases.
• Yorkshire BS 60% LTV at 2.44% - £1,475 fee.
• First Direct 60% LTV at 2.49% - £1,999 fee.
• Nationwide 60% LTV at 2.99% - £99 fee.

2 year fixed best buy mortgage rates include:

• Chelsea BS 60% LTV at 1.64% - £1,675 fee.
• Yorkshire BS 60% LTV at 1.69% - £1,475 fee.
• Post Office 60% LTV 1.70% - £1,995 fee.

Even with a large deposit it is still complicated to try and work out which mortgage is most affordable and best suited to your needs and circumstances.

For example would you be better off with the First Direct 2 year fixed rate mortgage at 2.49% with a £1,999 fee or with the N&P deal at 2.74% with a £385 fee and £200 cashback?

Deal Direct can help you find out. We compare products on a 'like for like' basis to find the one which is actually the cheapest overall.

We can compare all products market-wide for your deposit level because we are an independent broker with access to all lenders products, some of which are advertise on line and some of which are not.

For a review of lenders mortgage exclusives on offer through Deal Direct call an adviser on 0800 048 8828.

For a cheap fixed rate mortgage call today.

0800 048 8828.