5 years fixes below 2% - is now the time to remortgage and lock in?

Rates have dropped to an all-time historic low making now a good time to lock in. Incredibly it is now possible to achieve a sub 2% rate if you have a deposit of 40% plus.

With Barclays announcement of a 5 year fix at just 1.99%, its not likely to be long before other lenders follow suit and refresh their ranges with similar priced products.

Whether you are looking for a shorter term 2 year fix or a 10 year deal, rates are highly competitive which should make your home-ownership more affordable.

With new affordability checks and tightened lending criteria, mortgage acceptance for some borrowers can prove tough. This is particularly the case for some remortgaging home-owners.

For this reason you are strongly advised not to go it alone when searching the market for a deal.

There are many more lenders out there than you realise. These include smaller less well known lenders, with a much more flexible approach when reviewing mortgage applications.

While a larger high street lender may take a ‘computer says no’ attitude to your application, a smaller more flexible lender may be more willing to say yes.

For this reason come to us at Deal Direct and ask us to find a mortgage for you.

• We work with all lenders, from the big 5 on the high street to the smaller more specialised lenders.
• We will dedicate our time to finding you a deal to suit your individual needs and circumstances.
• We will make it our priority to get you a mortgage.

For a competitive mortgage offer,

call us today on 0800 048 8828.