Lenders low mortgage rate deals return to tempt first-time buyers.
Various tempting low mortgage rate products are being offered by lenders who are eager to sign up first-time home buyers.
For those of you who have yet to fix a deal, a sprint may be necessary to avoid missing out on the stamp duty holiday. After March 24 stamp duty will once again be charged by the Government on all property valued at £125,000 and above.
Mortgage competition is fierce, with increased demand for low mortgage rates and limited lender funding increasing the pressure. However, there are still some good mortgage offers available for those with deposits even as low as 5 per cent.
The rule remains though, the bigger the deposit you can manage the better the mortgage rate offered.
In response to the news that many are still struggling to save enough of a cash deposit for a property purchase, lenders such as the Post Office have cut their rates and widened their range. They now include deals for 90 per cent loan to value.
Other lenders have also refreshed their mortgage range and include products at a 10 per cent deposit level. First Direct have a 2 year fixed deal offered at 4.19 per cent with a £999 fee.
There are various other lenders offering competitive low mortgage rate products however, as lenders are tightening their criteria you are advised to act quickly. Competition for high loan to value mortgages may be fierce and therefore contacting Deal Direct can help you get the best mortgage deal available in the UK today.
