A number of fixed rate mortgage interest rates are being cut by lenders.
A number of fixed rate mortgage product rates are being cut by lenders against a background of predictions of further base rate reductions. Call Deal Direct for the latest offers and the best rates in the market.
Some economists had predicted a rise in the cost of mortgages at the same time as a potential reduction in availability. It had been expected that lenders may become more cautious against the background of the eurozone crisis. |Some lenders however are cutting rates on a number of their products.
Amongst the lenders competing in the fixed rate mortgage market, Virgin Money has reduced interest rates on some of its products through Northern Rock. This includes both residential and buy to let products if you are looking for a new mortgage or remortgaging. The lender is also offering cash back deals on some of their products.
Whether cutting rates makes them the most competitive in the market of course depends on the starting point. While it is good to see some competition between lenders encouraging reduction of rates, a comparison throughout the market is the only way to check which are the best deals.
If you are looking for the best fixed rate mortgage in the market, call Deal Direct.
Deal Direct are whole of market advisers with access to the wide range of lenders and can source the best products available.
