Act fast and secure a best buy mortgage now.
UK best buy mortgage rates remain competitive, but with rising funding costs how long these rates will remain so is presently unknown.
Average mortgage rates are increasing and would-be property buyers and home-owners looking for competitive remortgage deals, are advised to compare lenders best buy mortgage rates now.
With best buys the lending criteria is usually strict. The rates offered are cheap but this reflects the fact that higher risk borrowers are in general excluded. Lenders best rates are often reserved for low risk borrowers such as those with large deposits.
The most competitive best buy mortgage rates currently on offer are for 2 year tracker products. The Norwich and Peterborough are offering a 2 year tracker for 75% LTV at a rate of 2.79% with a £795 fee. A similar rate of 2.69% is offered by first direct for 65% LTV with a £499 fee.
If you consider a tracker too risky despite predictions that the BoE base rate could remain at 0.5% for another couple of years, then a standard fixed rate best buy could be a better option.
HSBC are offering a 2 year fix for 60% LTV at a rate of 2.64% with a £1999 fee. For those concerned they will come off a 2 year fixed rate just at the BoE base rate begins to rise, the Post Office offer a 5 year fixed rate mortgage for 75% LTV at a rate of 3.59% with a fee of £1495
For an up to date comparison of all UK best buy mortgage rates contact 'whole of market' broker Deal Direct.
We will search the mortgage market to come up a competitive deal for you.
