Latest mortgage deals remain competitive despite SVR increases.

Despite recent announcements of SVR increases lenders latest mortgage deals remain attractively priced.

This also remains true for SVRs which are in general still lower than 4 per cent. Above 4 per cent SVRs are less competitive when compared to lenders latest mortgage deals, for those on rates above 4 per cent a remortgage deal will offer the best chance of a better deal.

With many mortgage holders affected by standard variable rate increases lenders may well start to sharpen their pencils and make rate cuts to attract those of you who are looking to switch deals and remortgage.

Various lenders offer competitive deals.

For 60 per cent LTV, HSBC offer a 2 year fixed discounted mortgage at 1.99 per cent with a £1499 arrangement fee and an early repayment charge.

For 70 per cent LTV, the Chelsea BS offer a 2 year variable mortgage deal at 1.89 per cent above base. The deal has a fee of £1,495 and an early repayment charge will be applicable until end May 2014.

For 90 per cent LTV, HSBC offer a 2 year discounted rate at 3.84 per cent with no arrangement fee, although an early repayment charge will be applied for repayment during the discount period.

For those looking for deals with only a 5 per cent deposit, the Government backed mortgage indemnity scheme could be good news. Those lenders already already signed up to the scheme are offering competitive rates at 95 per cent loan to value levels.

Deal Direct are 'whole of market' brokers who can negotiate on your behalf to make lenders latest mortgage rates even more competitive. We have our finger permanently on the mortgage market pulse and can provide accurate and independent mortgage advice whatever your circumstance.