Snap up lenders lowest mortgage rate offers now.

Some lenders are offering their lowest mortgage rate offers in a bid to attract home-owners subject to increasing costs. As there are still some cheap rates on offer particularly for those with a good deposit, now may be the right time to consider moving on to a new lender.

UK mortgage rates are high when compared to the historically low base rate, however when reviewed on the same historical basis they remain cheap. Many mortgage-holders forget that lenders lowest mortgage rate offers were not always so good and average rates were once far higher.

Five year fixed rates remain available at under 3.5 per cent from lenders such as the Chelsea Building Society and trackers are on offer at under 3 per cent from lenders such as HSBC.

Those home-owners looking for a low rate offer while cheap rates are still available, should contact Deal Direct who will compare the market on your behalf to come up with a competitive deal.

Rates are rising and by sourcing a great deal now you could save yourself a lot of money in the long term.

We recommend that if your mortgage rate is 4 per cent or above and you have a good level of equity in your home, you consider switching to a new low rate deal now.

Deal Direct are a 'whole of market' brokers who have access to lenders lowest mortgage rate offers. Contact us now and we will source a competitively priced deal for you.