5 years fixes below 2% - is now the time to remortgage and lock in?
Rates have dropped to an all-time historic low making now a good time to lock in. Incredibly it is now possible to achieve a sub 2% rate if you have a deposit of 40% plus.
With Barclays announcement of a 5 year fix at just 1.99%, its not likely to be long before other lenders follow suit and refresh their ranges with similar priced products.
Whether you are looking for a shorter term 2 year fix or a 10 year deal, rates are highly competitive which should make your home-ownership more affordable.
With new affordability checks and tightened lending criteria, mortgage acceptance for some borrowers can prove tough. This is particularly the case for some remortgaging home-owners.
For this reason you are strongly advised not to go it alone when searching the market for a deal.
There are many more lenders out there than you realise. These include smaller less well known lenders, with a much more flexible approach when reviewing mortgage applications.
While a larger high street lender may take a ‘computer says no’ attitude to your application, a smaller more flexible lender may be more willing to say yes.
For this reason come to us at Deal Direct and ask us to find a mortgage for you.
- We work with all lenders, from the big 5 on the high street to the smaller more specialised lenders.
- We will dedicate our time to finding you a deal to suit your individual needs and circumstances.
- We will make it our priority to get you a mortgage.
For a competitive mortgage offer,
call us today on 0800 048 8828.
