Lenders cheapest mortgage rates offered for larger deposits.
While lenders have introduced more high loan to value deals it remains true that the cheapest mortgage rates are still restricted to those with large deposits or equity levels.
Deposit levels remain key to the most competitive mortgage offers and without a good deposit the cheapest mortgage rates could remain elusive.
Looking through all of the products on offer to find one that is competitive with favourable terms can be daunting for an individual. Therefore for many the way forward is to enlist the help of Deal Direct 'whole of market' mortgage broker. We take all of the stress out of looking for a deal and can source the most competitively priced product for you.
For those with a medium deposit such as 25 per cent, a 5 year fix can be found from as low as 3.29 per cent through the Chelsea Building Society, the Co-op offer 5 year fix for 85 per cent LTV at 3.99 per cent.
Whichever 5 year fixed rate mortgage you are interested in come to Deal Direct for a 'whole of market' mortgage comparison. We make it our business to source the most competitive rates on offer.
If you have what is considered a large deposit at around 40 per cent the cheapest rates will be on offer. For instance you can achieve an HSBC lifetime tracker at 1.89 per cent above BOE base for the duration of the mortgage term.
For the very cheapest mortgage rates on offer in the UK call Deal Direct and we will search the market to find the best deal for you.
