With cheap mortgage rates on offer grab a bargain this summer.
UK lenders are continuing to offer bargain basement mortgage rates despite the fact swaps have risen over the last couple of months.
Fixed mortgage rates remain at record lows, the very cheapest deals start at 1.64% for a 2 year fix. Wth such competitive deals on offer should you fix a deal?
Should you get yourself a new deal now, or should you wait to see if rates will fall even further?
The recommendation is to find yourself a bargain while cheap mortgages remain on offer, as while cheap funding from the Government's Funding for Lending scheme is currently keeping rates low, this situation may not be set to last if swaps rise further.
Experts predict mortgage rates could start to return to pre cheap funding levels within six months, so comparing the cheapest mortgages sooner rather than later makes sense.
There is no guarantee or indication that rates could fall further, and a failure to act and fix a record low rate while the cheapest mortgage deals still remain are on offer, could result in your paying more for a mortgage as the months pass.
Therefore to avoid taking a risk on what is probably your single largest outgoing, seek independent and impartial mortgage advice.
A call to an adviser at Deal Direct will help you work out your next step with your home loan.
As an independent 'whole of market' broker Deal Direct offer advice based on your mortgage needs and not those of any lender. We work on your behalf to find you the best mortgage rate for your circumstances and deposit level.
For advice and a low rate quote contact an adviser today,
call 0800 048 8828.
