What is the best mortgage deal and how do you compare rising rates & fees?
What is the best mortgage deal in the current market, and how do you make sure you get the best deal when comparing rates and fees from different lenders?
Call Deal Direct for advice and access to the whole of market lenders for the most competitive offers.
There has been quite a lot of reports of rising fees for mortgage products, yet some lenders are reducing their fees and offering fee free deals for certain products. With some lenders also reducing their rates while others are increasing, how do you work out, what is the best mortgage deal?
The simplest example is a short term, two year fixed rate repayment mortgage comparison. If say you find an option of a rate of 2.64% with a fee of £2000 for a loan of £150,000 or a 2.99% rate with a fee of £1000, which is the best offer?
Due to the relatively small loan it may surprise you that the higher rate and smaller fee would be around £350 cheaper for the two year period. However if you compare the same rates and fees for a loan of £250,000 the lower rate and higher fee would be the better option.
When you want to compare different types of mortgage and different lenders offers, expert advice can help you make your decision. If you ask Deal Direct, what is the best mortgage deal, we check all the aspects of mortgages from a wide range of lenders to get the best offers to suit your personal situation.
Contact Deal Direct for an up to date mortgage market comparison.
