2 year fixed rate mortgages remain competitive.

While the news is some lenders have hiked their 3 and 5 year fixed rates, 2 year fixed rate mortgages remain competitive. At present with a large enough deposit (40%) it is possible to get a 2 year fix with a rate as low as 1.48% from lenders such as the West Bromich BS.

Why choose a  2 year fixed rate mortgage?

With a fixed rate deal you have a level of mortgage certainty for the period agreed, monthly repayments stay the same regardless of interest rate changes which allows for better budgeting.

With a 2 year deal you are also able to remortgage more easily and switch to improve your rate, with a longer term deal you have to wait longer to do this.

Comparing all 2 year fixed rate mortgage products is a must if you want to end up with the most competitive deal.

To do this you are advised to enlist help as searching the market on your own can be time consuming, plus you run the risk of missing out on the best deal if you do not manage to check every lenders range.

In this area of lending the best deals change on a regular basis, so checking the available products as often as possible is essential if you want to get the most competitive rates. At Deal Direct we are constantly updating our information with products that are new in the market.

We are also aware of the wide variety of lending criteria of different products, which can be complicated and are rarely published with product interest rates. You can waste a lot of time researching products, only to find that you cannot meet the requirements of detailed lending criteria.

Give us a call at Deal Direct and we can cut the time you might spend looking at products that on closer scrutiny are not available to you.

If you are looking for a 2 year fixed rate mortgage we can offer products from a wide range of lenders to perfetly suit your individual situation.

Call 0800 048 8828 for impartial advice,

and a personalised low rate mortgage quote.