What are the best mortgages over a fixed period?

Making a review of the best mortgages available is always sensible, but since we have heard news of rising swap rates and the potential for increasing mortgage rates, it has become vital.

If you have been waiting to remortgage until rates hit rock bottom you are advised to undertake a full market review sooner rather than later.

Remember predictions are just that, just because rate increases are being predicted it does not mean for sure this will happen. However when you consider the fact lenders funding costs are increasing, rates are likely to rise to cover these costs.

You only have to consider what has happened over the last 12 months with SVRs, rates have risen despite funding costs remaining static. You only have to imagine where rates could go as funding costs increase, and it is unlikely to be in a downward direction.

As home-owners concern over rising mortgage costs increases, the best advice Deal Direct can offer is to search out the best mortgage with the lowest rate while cheap deals remain on offer.

Some of the best mortgages on offer currently are 2 and 5 year fixed rate products. For a full review of the best deals for your circumstances seek independent advice and help.

For those with a 40% deposit the Yorkshire BS are offering a 5 year fix rate deal at 2.59% with fee of £1,495. N&P offer a 5 year fix for the same LTV at a slightly higher rate of 2.74%, however the fee is lower at £295.

With varying rates and fees on offer at the same deposit levels it is always advisable to seek help to compare mortgages on a 'like for like' basis, as that way you do not make a mistake and choose the more expensive deal.

In addition to the deals lenders advertise on line, there are also deals only available through certain broker channels. This is something many home-owners are not aware of.

To make a review of lenders best mortgage exclusives call 0800 048 8828. Whatever type of mortgage you are looking for Deal Direct can find you the best deal.

Call 0800 048 8828 for advice and a low rate quote.