Are you looking for a cheap 5 year fixed rate mortgage?
If you are looking for a mortgage to buy a new home, switch to a lower rate or lock into a new deal at the end of your current mortgage term, then a 5 year fix may be the way to go.
Recent market opinion is that rates have bottomed out. Cheap deals could remain on offer a while longer yet, however in recent days we have seen some lenders start to withdraw their most competitive offers.
With the likelihood that rates will rise sometime this year finding a low rate longer term fix is advisable while you still can.
The Leeds Building Society has announced a new 5 year fix for applicants with a 20% deposit. A low 2.99% rate is offered with a £199 fee. In addition various incentives are also available in the form of a standard valuation and legal fee assistance.
If you would like to lock into a cheap new mortgage and want to review what is available in the market, call Deal Direct on 0880 048 8828.
Our impartial advisers will review every lenders range market-wide to make a comparison on a ‘like for like’ basis. We are here to help to find you a competitive mortgage.
Deal Direct take the hard work out of find the best possible mortgage for your deposit level.
For impartial advice and a low rate quote,
call us on 0800 048 8828.
