Barclays mortgage review.
Has your Barclays mortgage been affected by the recent rate rises?
Recently mortgage analysts have revealed that some lenders have raised their two and five year fixed rate mortgage products as well as their standard variable rate.
Figures suggest that the average rate for two and five year fixed mortgages have increased in the last six months. Also the average increase on standard variable rates is 0.62% resulting in increased mortgage repayments for many.
If your Barclays mortgage, standard variable rate or fixed rate mortgage has been subject to a rate increase then now may be the time to shop around for a better deal.
A phone call to us here at Deal Direct can save you a lot of effort, we navigate the whole of the mortgage market to obtain lenders latest deals and best mortgage rates for you.
Our team of experienced mortgage advisers can secure you a great mortgage deal that is specifically suited to your individual financial circumstances.
Economists are expecting the Bank of England base rate to remain at 0.5 % for some time to come, despite this many lenders have raised their standard variable rates and others may yet follow. As a result of this you may find once the discounted period of your mortgage has ended, it is best to remortgage.
So if your Barclays mortgage has come to the end of its term, finding out what rate you are now on is a priority to ensure you do not face increased financial outgoings.
If the prospect of higher repayments is a worry for you then contact us at Deal Direct, we will make it our priority to secure you peace of mind through a more cost effective mortgage.
