Low rates won't be on offer forever.

For the last 18 month home-owners have been used to a highly competitive mortgage market offering rock bottom rates.

While it would be great to think this is set to last and historically low rates will remain forever, its unlikely.

We are already starting see a few lenders hiking their rates. At present we are not talking all lenders or huge increases, however there is a growing trend for rising rates.

With lenders such as NatWest pushing their rates in an upward direction, you should starting reviewing the market for a cheap deal while low rates are still available.

When sourcing the best rate it is advisable to make a 'whole of market' search.

You can make the initial search on your own, however changes to market rules now mean that to be accepted for a deal you need to have received independent advice and have filled in an extensive application form.

The days of the non-advised mortgage sale are over.

To prevent the return of lending to home-owners who can't really afford mortgage repayments financial stress tests have been introduced, and an extensive range of spending habit related questions have been added to mortgage application forms.

Getting a mortgage.

It is necessary to choose an adviser who is MMR compliant to ensure you really are getting the right help and protection, check this point when beginning your search through a mortgage professional.

If you are looking for a mortgage you are recommended to seek impartial and independent advice from 'whole of market' broker Deal Direct.

Our advisers are all MMR compliant, and can search through ALL lenders offers to find a low rate deal.

For the best mortgage for your deposit level,

call 0800 048 8828.