Source loans with reduced fees with mortgage broker, Deal Direct.

Sourcing loans with reduced or no fees is easier with the help of mortgage broker, Deal Direct.

All the emphasis today is on keeping costs to a minimum. According to statistics published by the ONS, last year, 2017, was the first year in which average weekly household spending rose to its highest levels since 2006/7. It is also the first year since then that this figure of £554 has exceeded the average weekly income of £550. Not spending money where you don’t have to then is becoming more of a priority.

This is why mortgage broker, Deal Direct, scour the market for home loans that cost our clients as little as possible in additional fees.

Santander, for example, has reduced the procuration fee from a minimum charge of £400 to £250. The lender is also reducing rates on some of its mortgage range. The details are:

• 2 year fixed rate at 1.74% for up to 85% LTV

Max loan size of £3million:

• 2 year fixed rate at 1.69% for up to 70% LTV
• 5 year fixed rate at 1.99% for up to 70% LTV

Exclusives range:

• 5 year fixed rate at 1.84% for up to 60% LTV
• 5 year fixed rate at 2.14% for up to 75% LTV with no procurement or product fee

Of course, Santander is not alone among UK lenders when it comes to either reducing fees or having a range with no fees charged at all. Over 40% of the mortgages available on the UK market at the moment are fee free. Evaluating the overall cost is easy with assistance from Deal Direct.

For expert mortgage advice, call 0800 048 8828.