With the cheapest mortgages consider more than the rate.

 Fees must be factored in when looking for the cheapest mortgage to suit your circumstances.

Finding the best mortgage you can is crucial when buying a home or remortgaging. However the cheapest mortgage is not necessarily the one which is offered at the lowest headline rate.

Lenders tend to offer their lowest mortgage rates to low risk high deposit borrowers, who may find that once they have work through the terms of the offer the fee they are expected to pay is high.

A high fee greatly impacts the affordability of a mortgage over the term agreed, and so it is essential that all fees and charges are considered when deciding which mortgage offer to accept.

In recent years average mortgage fees have increased, currently you could end up paying up to £1,500 which will have significant impact on the overall cost of your mortgage.

When looking for a deal start by comparing ALL lenders offers.

Mortgage lenders compete for business and so they are many products on offer at differing rates and fees. It is easy to be seduced by a low rate only to find the fee makes it less competitive when compared against another lenders higher rate but lower fee deal, so it pays to compare deals.

As there are literally thousands of mortgage products on offer market-wide it is vital to be up to date on the best deals available. This is a tall order when comparing mortgages on your own. Therefore to ensure you have compared all deals available, you are advised to contact an independent 'whole of market' broker to compare the UK mortgage market on your behalf.

By asking for help from Deal Direct when looking for the cheapest mortgage you can ensure you do not miss out.

Call an adviser to compare the best mortgages market-wide. 

0800 048 8828