Source best buy mortgages now before the mortgage tide turns.
Has the tide for best buy mortgages begun to turn? With recent SVR increase announcements, some of you may think so.
There was outcry from mortgage holders following SVR hike announcements by the Halifax and various other lenders. At Deal Direct we recommend that you compare lenders best buy mortgages now just in case the low mortgage rate tide has turned.
Many have questioned lenders increasing SVRs while the BOE base rate remains low, but unless yours is tracker mortgage the BOE base rate currently has little bearing on the cost of mortgage funding.
Recently there have also been rate rises on a range of other mortgage products from lenders such as the Chelsea Building Society, Woolwich, Leeds Building Society and Santander. The increases have been minor with most being around 0.1 or 0.2 per cent.
Despite these minor increases there are still some good UK mortgage deals to be found.
For those looking for a fixed deal HSBC offer a fee free 2 year discount rate for 90 per cent LTV at 3.84 per cent and a 5 year deal at 4.79 per cent with an arrangement fee of £599.
Deal Direct offer impartial and accurate mortgage advice. We are ideally placed to guide you through the complexities of looking for best buy mortgages. Contact one of our skilled brokers today for a deal tailored made for you.
