Ipswich BS launch a 75% LTV 2 year fixed rate mortgage at 1.97%.

While 5 year fixed rate mortgage pricing maybe on the way up, shorter term rates seem to be holding steady.

In fact to attract new business some lenders are cutting rates, and those releasing cheaper deals are not just the larger high street lenders. Smaller banks and building societies are giving high street banks a run for their money.

The latest to launch a highly competitive deal is the Ipswich BS. It has announced the launch of a 2 year fixed rate mortgage for those with a 25% deposit at 1.97%, fees have been set on this deal at £1,125.

Another smaller lender also offering home-owners a good deal is the West Bromwich BS, it has a 2 year fix for 60% LTV at 1.48%.

With smaller lenders getting more and more competitive, the advice is not to get caught out by only considering deals offered on the high street.

There are so many small banks and building societies offering reduced rate mortgages that it would be a mistake not to compare the entire market before choosing a deal.

If you would like to make a 'whole of market' mortgage review to find the most competitive deal call 0800 048 8828.

By speaking to independent 'whole of market' broker Deal Direct, you can be sure you get the very best impartial advice on offer. We work on your behalf and not for any lender, we get you the most competitive mortgage for your deposit.

Call today for advice and a low rate quote.

0800 048 8828