It is essential to get the lowest mortgage rate in a tough economic climate.
Finding the lowest mortgage rate could be key to reducing your monthly expenses. If your interest rates are anything but the very lowest available call Deal Direct for a comparison. We can help you find a deal to save you money.
If you have a mortgage your payments may be rising as higher standard variable rates are introduced by lenders. It is thought that this has stretched many household budgets to such an extent that it has had an effect on consumer spending. There is even concern by some economists that this could effectively knock the UK's economic recovery off course.
The recent increases in mortgage rates have had a major impact on household budgets. Consumer surveys suggest that we are on average over £100 financially worse off this year compared to last. For many the figures are much higher. If you have a mortgage it is likely to be your largest expense each month so it makes sense to try to get the lowest mortgage rate possible.
Sources also suggest that house prices did not move last month and the lift that spring usually brings to the housing market did not happen. If you are moving home the market may be slow but the mortgage market is changing rapidly. The best offers can appear and disappear in just a matter of days so it is still important to secure the lowest mortgage rate while you can.
Deal Direct source the best deals available from the whole of the market, and are well placed to find you a mortgage that will save you money.
