Which mortgage is best for you ?
Finding which mortgage is best and suits your individual needs is often central to your financial well being.
As it is financially rewarding to obtain the best deal it is advisable to seek independent advice through a mortgage broker. At Deal Direct we can look through thousands of mortgage products from the whole of the mortgage market providers to find a mortgage that fits your circumstances now and can adapt to your life changes with you.
Recently many banks and building societies have increased some of their mortgage rates leaving borrowers with higher monthly outgoings. Many lenders have increased their standard variable rates (SVR) despite the Bank of England base rate remaining at 0.5 per cent.
Reviewing your mortgage terms and conditions regularly can ensure you are not trapped with an uncompetitive rate and unnecessarily paying too much for your mortgage and can with professional advice find which mortgage is best for you and what deals are available.
There are some record low offers available for example from The Post Office who are offering fixed rate deals for those borrowers requiring up to 90 per cent of the purchase price of their property and the Chelsea Building Society who have a five-year fixed rate deal at 3.29 per cent for those with a 30 per cent deposit.
Some lenders let borrowers lock into a more competitive rate prior to the end of their current mortgage term so they do not have to miss out on which mortgage is best for them in the future although you do have to check if this comes with the cost of a fee.
