Mortgage interest rates comparison is no longer a simple review of headline rates.
For those comparing the best UK mortgage interest rates on offer it is essential to compare deals side by side on a like for like basis to see which lenders are in fact offering the best deal.
A simple review of lenders headline mortgage interest rates is no longer the way to assess mortgage deals. As several factors need to be considered in addition to rates such as fees and early repayment charges, it is advisable to contact 'whole of market' broker Deal Direct for impartial and independent advice.
Through Deal Direct you can compare the most competitive deals on offer to find the option that is the best for you. Many looking for a deal are discovering that while lenders are attempting to keep headline rates low, they are increasing their arrangement fees and early repayment charges.
For example Northern Bank and ING both offer tracker mortgages for 60 per cent LTV at a rate of 2.99 per cent. However their fees differ with Northern Bank charging £925 and ING charging £1240 which changes the over all cost making one more competitive than the other.
When factoring in early repayment charges, the mortgage rate you will revert to once your term ends and the impact the length of the term has on overall repayment, it can become complicated to ensure you achieve the most competitive overall deal.
Deal Direct's interest mortgage rates comparison makes it easy for you to find and apply for the most competitive offer suited to your personal circumstances.
Contact Deal Direct today for a competitive quote.
