The latest mortgage deals – Deal Direct make choosing the right deal easy.

When choosing from lenders latest mortgage deals it is important to be aware that competition may be tight for the very best rates.

At the moment lenders are using their rates as a means of rationing mortgages. They are currently having a little difficulty coping with high demand levels for their latest mortgage deals offered at low rates. They therefore tend to limit the funding allocated to a mortgage product. Once funding runs out the product is withdrawn, which makes searching for and accepting a deal in double quick time all the more important.

While mortgages are being rationed by lenders tightening their criteria, competitive deals can still be achieved. Those of you with a 25 per cent deposit or 25 per cent deposit equity, are in a good position and now is the right time to be looking. It is important to remember that any mortgage rates below 5 per cent are still historically cheap.

A decent deposit widens the choice of deals available. With a deposit of 25 per cent and above you are likely to be close to getting the best rates. However, things are also improving for those who cannot raise more than a 10 per cent deposit.

Various deals have been launched in the last couple of months at both 90 and 95 per cent loan to value levels. First Direct, the Post Office, the Co-op and HSBC all have high LTV products on offer.

Here at Deal Direct we are familiar with all of the latest mortgage deals and the different mortgage providers lending criteria. Our skilled brokers are best placed to source you a competitive deal.

Looking for mortgage advice?

Let our skilled mortgage advisers do the hard work for you.

Fill in our enquiry form opposite or telephone 0800 048 8828.