Fixed rate mortgage deals could offer home-owners peace of mind.

Home-owners on standard variable rate mortgage deals could benefit by a switch to a cheap fixed rate product. Have received the shock news that their rate has gone up more SVR holders are choosing the security of a fixed rate mortgage.

Deal Direct are being contacted by variable rate mortgage holders who say that they are concerned about Bank of England warnings that rates could rise further. Many advise that at the moment they consider financial security their first priority and therefore would prefer a fixed rate deal.

At present the most competitive mortgage deals come from lenders such as First Direct, the Post office HSBC and the Co-op.

The Post Office consistently offer low rates. If you have a 25% deposit they offer a rate of 3.89% for a 5 year fix, this product comes with a relatively low £495 fee. The Co-op also have a 25% deposit 5 year fix on offer at 3.89% but the difference is it comes with a slightly higher £999 fee.

Most looking for a competitive rate start by reviewing online best buy mortgage tables. Deal Direct feel such tables have use but to rely on them solely may be a mistake.

Firstly eye catching rates often have the highest mortgage arrangement fees making them less competitive than they initially appear, and secondly unless you have a very high deposit and a perfect credit score you may not be accepted for a deal.

For a personalized mortgage quote that is tailored to your specific financial circumstances you are advised to contact independent broker Deal Direct.

We offer impartial mortgage advice and will ensure that you achieve the right mortgage deal best suited to your needs.

For the cheapest mortgage deals on offer anywhere in the UK contact Deal Direct today.