Average UK mortgage rates fall to new lows

Recent figures show that average mortgage rates currently on offer in the UK have hit a new low.

In addition to falling rates the number of mortgage products on offer has also increased to 4000 which is 175 up on last month.

Competition amongst lenders has been of huge benefit to buyers over the 18 months as rates have been slashed month after month.

On shorter term 2 year fixed rate deals, average rates now sit at 2.87% after falling for 9 successive months. Trackers are also down in cost with a 2 year deal now costing 2.02%.

Now is a good time to switch to a cheap rate while historically low rates are available in the market. To ensure you get yourself a good deal before interest rates start to rise lock in while you can.

Whether you want to buy a new home, remortgage to a lower rate, remortgage to release equity or invest in a buy to let, an adviser at Deal Direct can find you a competitive mortgage.

We can search the entire market in your behalf to come up with a mortgage tailored to your needs. If you would like advice and a review of products on offer at your deposit level contact us today.

Our advisers are highly qualified and impartial, we work on your behalf and solely in your interest and not in the interest of the lender. For advice and an independent market review call us today. We are here to make your property ownership more affordable. 

Call Deal Direct on 0800 048 8828.