Call mortgage broker Deal Direct for the best rates on offer.
As a mortgage broker, Deal Direct have access to a wide range of products throughout the mortgage market. With reports of the number of mortgage deals reducing after a steady rise last year, it is advisable to contact us to get a full range of products.
It has been reported that the level of mortgage deals reached its height at just over 2,750 in February this year. Whilst this may be due to many first-time buyers attempting to secure deals before the end of the stamp duty holiday, it is still the highest figure recorded since 2007. It is anticipated that product levels may now drop.
Whilst the recently introduced NewBuy Scheme may give a boost to first time buyer deals there is some speculation that individual lenders may start to offer fewer products. As a mortgage broker Deal Direct has already seen severe restriction of interest-only mortgages products from some lenders.
With many lenders increasing their standard variable rates, many borrowers are trying to get a better deal. However a survey carried out by the Bank of England has revealed that banks are likely to reduce their mortgage lending in the next few months.
If fewer deals are being offered by lenders it is even more important to contact a mortgage broker like Deal Direct. We have access to a large number of lenders and so are able to secure a much wider range of products than any one lender can offer.
At Deal Direct we are well placed to find you the best deals throughout the mortgage market, contact us for advice by telephone or by filling in our online enquiry form.
