Call Deal Direct for the best mortgage rates for fixed or tracker deals.
If you are looking for the best mortgage rates there is the question of which type of product will offer you the best deals. At Deal Direct we are constantly comparing products throughout the market and can advise you of the best deals available to suit your circumstances. In a fast changing market we are seeing new deals arrive while others are withdrawn on a daily basis.
Your initial fixed or tracker rate period may have ended and for most this means moving on to a standard variable rate. As we have seen recently, there is no formal link between the Bank of England base rate and standard variable rates so lenders can announce increases at any time.
The best mortgage rates for fixed and tracker deals depend on how long you would like to fix or track for. Recent examples include Yorkshire Building Society's 2 year fix at 3.19% for 75% loan to value. If you have just 10-15% deposit the Co-op has a fixed rate of 3.99% for two years.
Three-year fixed rate mortgage examples from Yorkshire and Chelsea Building Societies offer rates of 3.29% for up to 75% loan-to-value and 2.94% up to 70% loan-to-value respectively. Five year fixes are also available if you would like longer term reassurance of knowing that your rates will not change. Tracker products will currently give you the advantage of a direct link to the low base rate.
In addition to time scale there are many other variants to consider when looking for the best deal, such as lending criteria, arrangement fees and early redemption charges. At Deal Direct our professional advisers can help you make the right choice based on your own individual circumstances and the best mortgage rates in the market.