Coventry Intermediaries announces rates have been cut.
Mortgage rates are falling and various lenders are cutting deals to new lows.
Once such lender is Coventry Intermediaries which has recently cut rates range wide by up to 0.2%.
In addition to cutting rates the lender has also released its lowest ever 5 year fix.
Available for 65% LTV is a 5 year fixed rate deal at 2.19%, the fee on this mortgage is £999.
As rates fall it is true to say that ultra-cheap mortgages can be found in the UK. While cheap rates are there to be had you must not overlook the impact of fees when comparing mortgage products.
Don’t get seduced by a low rate offer only to find the fees charged make it more expensive than another similar product. Don’t get lock into a deal only to find out you could have found something more competitive elsewhere.
The way to avoid making an expensive mistake is to enlist the services of an independent ‘whole of market’ broker who will compare all products on a ‘like for like’ basis to ensure you end up with the best overall.
For a review of all competitive mortgages call us at Deal Direct. We will review all lenders products to find you the best overall.
For impartial advice and a low rate quote,
call us on 0800 048 8828.
