The best mortgages may come from smaller less well known UK lenders.

Recent research has revealed that the best mortgages may now come from smaller lesser known lenders.

While the well known high street giants such as HSBC, are coming up with rock bottom best buy table leading fixed rate deals, a careful look at their deals can reveal that all is not as it first appears.

Best buy tables may show the lowest rates, however fees are not part of the best buy equation, and so the ranking displayed does not represent the true affordability of the mortgages listed.

Also many high street lenders application procedures and acceptance criteria is based on box ticking. If your circumstances are more individual, then a smaller lender approving applications on a one by one basis could be better placed to meet your needs.

There are many smaller lenders throughout the UK, and many offer great deals which could give the larger players a run for their money.

Take the Leeds BS 0% interest 'Welcome' mortgage deal. For the first 3 to 6 months mortgage-holders are charged no interest, only the capital owed is paid back at this point. The rate offered is 3.79% for 80% LTV which is competitive for smaller deposit borrowers.

If you would like to review all smaller lesser known lenders best mortgages to see how low rates go, call an adviser at Deal Direct.

We can conduct a 'whole of market' search on your behalf to review all lenders both big and small. We search every deal to find the one which is most affordable and best suited to your needs.

Often the smaller lesser known lenders have the best rates at the lower deposit area of the market. 

All lenders deals are worth considering so call Deal Direct for a quote.

Call 0800 048 8828 for the best mortgages market-wide.