Mortgages through Deal Direct

In December 2011 the number of mortgages approved by lenders was at its highest level for almost 2 years, according to figures from the British Bankers' Association. While the figure of 36,171 approvals was up only a fraction on the previous month the figure was up and not down.

The figures revealed that by overpaying your mortgage can bring your down long term costs.

It is recommended that those of you with excess cash use the money to make over payments to your mortgage, but only if such over payments are penalty free. Mortgages that are overpaid even by a small amount will be shortened thereby saving you cost in the long term.

Figures also back up the fact that costs can be cut by remortgaging. Those of you who are in a position to remortgage are advised to look for a better deal as this will more than likely bring down your monthly repayments.

Figures also reveal that first time buyer numbers are on the increase which is good-news for those struggling to move up the ladder from a first property purchase.

Some home-owners wish to downsize to reduce their costs but in a stagnant property market this can be difficult. Experts however advise that even in an uncertaint housing market, those sellers who are realistic on price and proactive about selling can find a buyer.

Any movement in the property market will present more opportunities for home-owners to cut costs therefore, for some it may be time to re-enter the mortgages market once again.

Deal Direct can help you get the best mortgage deal available in the UK today.

Let our skilled mortgage advisers help you...

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