Discounted mortgages are available through Deal Direct.

The Loughborough Building Society offer a range of discounted mortgages and at the end of February they added a new deal to their range.

The latest product to be included in their range of discounted mortgages is a new variable mortgage deal. The new deal offers a low mortgage rate of 3.39 per cent over a three fixed year term and the discount on this deal is 1.6 per cent on their normal mortgage rate. The product is offered for 80 per cent maximum loan-to-value and a £499 fee will be charged. Both new home-buyers and remortgage customers are eligible for the deal.

The Loughborough also offer a flexible option, where over payments up to a maximum of 10 per cent of the balance outstanding, can be made without incurring a penalty. The Loughborough are hoping that their new discount product range will lead to an increase in mortgage activity. They hope to capitalise on the final rush of first-timers trying to close a deal before stamp duty holiday ends this month.

The most recent Connells Survey and Valuation Housing Market Activity Report, revealed a 43 per cent increase in residential valuations to January 2012 from January 2011, first-time buyers were a total of 52 per cent of the valuations carried out.

Deal Direct 'whole of market' brokers are up to date on mortgage providers lending criteria and are well placed to source competitive discounted mortgages on your behalf. We can help you get the best mortgage deal available in the UK today whether discount, variable or fixed.

Please note: Any rates or deals mentioned in this article were available at the time of writing.

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