Save £££ by sourcing a no fee fixed rate mortgage with Deal Direct.
By opting for a no fee fixed rate mortgage, you could potentially save yourself hundreds of pounds.
The number of fee free fixed rate mortgages being offered by lenders has doubled over the last year, according to market analysts. When no fee is charged, the mortgage rate is generally a little higher, but this does not necessarily mean you will end up paying more.
At Deal Direct, we can compare a no fee fixed rate mortgage to one with a fee, but with a lower mortgage rate. The average cost of a fixed rate fee has risen over the last year, and is now at just under £1,000. Although the mortgage rates are lower, the increase in the fee charged often means the product is less cost effective overall.
Many borrowers, when searching for a mortgage without seeking professional advice first, can find themselves being lured by the lowest rates. This could mean that they miss out on a better, more cost effective deal, by leaving the fee out of their calculations.
Fees can soon add up particularly with a shorter term fix followed by a remortgage. Overlooking the fee free options could mean that you end up paying more money than you have to.
To avoid costly errors such as these, and to find the best overall mortgage in the UK today, consult with an expert adviser at Deal Direct.
Call us now on 0800 048 8828.
