Lowest mortgage rate ever say Norwich & Peterborough Building Society.
Norwich and Peterborough announce its lowest mortgage rate ever for a 3 year fixed rate mortgage deal.
So is it time for you to think about changing to a fixed rate? Call Deal Direct and we can find the best deal for you.
At 2.99 per cent for 3 years the new Norwich and Peterborough mortgage rate is competitive, but there are even lower priced deals out there if you have a deposit of 25% or more. For example Market Harborough Building Society is currently offering a fixed rate of 2.69 per cent for a 2 year term.
The lowest mortgage rates depend on a number of factors such as the minimum deposit requirement and fees charged. For a fixed rate mortgage there are also other factors to consider such as the length of term the fixed rate is offered and the rate to which the mortgage returns when the fixed term finishes.
Some economists are predicting that the Bank of England base rate could possible stay at the low rate of 0.5% for two or even three more years but we are seeing standard variable rates rise. If your mortgage is on the standard variable rate, changing to a fixed or tracker rate could save you money.
Here at Deal Direct we are familiar with different mortgage providers rates and lending criteria. We are well placed to find you the lowest mortgage rates so give us a call on 0800 048 8828 or fill in our enquiry form so that we can find the best deal for you
