Low rates for 2 year fixed rate mortgage deals.
Competition in the 2 year fixed rate mortgage market continues with low rates extending across a wide range of deals. While large deposits are required to get the very lowest rates, some low rate offers are available with more modest deposits. Call Deal Direct for the latest low rate deals.
With a 40% deposit a rate below 2.5% is possible for up to 60% loan to value. While the lowest interest rates are at record low levels, some of the fees associated with these products are very high. It is important to include fees and other costs to ensure that you get the best deal.
With 30% deposit, 2 year fixed rate mortgage costs are higher, but still available at rates well below 3%. Arrangement fees vary, so it will depend on how much you want to borrow, which is the best deal for your situation.
Even if you have a small deposit of just 10% a 2 year fixed rate mortgage is now available at less than 4%. A recently announced product offered by the Co-operative Bank has pushed the 90% loan to value deals to a lower level. The deal is also on offer with no arrangement fees.
Other lenders are continuing to cut rates in selected areas of the market. With so many deals coming and going you need to be aware of the changing market to get the best deals. At Deal Direct we are constantly getting updates from lenders to bring you the latest low rate offers.
