Compare today’s fixed rates with mortgage broker, Deal Direct.
Seeking advice from mortgage broker, Deal Direct, can definitely help you with comparing all the fixed rate deals available on the market today. Comparing deals is a very important part of home financing research as the results make the true value clear of the mortgage deals offered.
Although the key base rate rose at the beginning of August 2018, the cost of some fixed rate mortgages has increased but not by as much as you’d expect.
The average price of a 2 year fixed rate mortgage hit an all-time low in September 2017 when it was possible to obtain a deal for 2.17%. Since then, the rates have been on a steady rise, which meant the popularity of the 2-year fix plummeted as buyers opted for the longer-term security of a 5 year instead.
The impact of August’s rate rise has not yet fully played out as lenders are still reviewing their products and decide whether to keep them in place with a revised price or withdraw them. What this means is that some deals have already begun to disappear. Finding a 10-year deal now, for instance, is harder than it was 2 months ago as lenders redefine their offering.
Starting your market-wide search and comparing rates couldn’t be simpler, though. By clicking the button below, you could find out which lenders are offering the most competitive fixed rates that match your borrowing criteria and circumstances.