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Fantastic Fixed Rate Deals Mean now is a Good Time to Switch Your Mortgage!
Fantastic Fixed Rate Deals Mean now is a Good Time to Switch Your Mortgage!
There are around 700,000 people on a standard variable rate (SVR) mortgage in the UK.
Most of these borrowers currently see absolutely no reason to switch to a fixed rate, because generally they are higher than the SVR. Fair enough.
However, things are changing. With the SVR likely to increase in the near future, considering a fixed rate is a good plan, and now thanks to some amazing new deals, this really is a good time to be looking at settling into a fixed rate mortgage.
Five Year Fixed Rates from 3.75%
One well known high street lender has just launched a five year fixed rate deal at 3.99%, with no arrangement fee to boot. Yes you'll need a 40% deposit, but if it's there then it's worth taking advice to see if this deal is the one for you.
And how about a five year fixed rate at 3.75%? A 699 arrangement fee is a mere price to pay for such a good deal that also includes free legal work and a free valuation. You'll need a 50% deposit for this one.
Another major lender is offering a Lifetime Tracker at base rate plus 2.18% with no application fee, free legal work and a free valuation as well as 300 cash back towards any early repayment charges to help towards getting out of an existing deal.
Get onto your mortgage broker without delay to find out more and take advantage of all the new deals on offer; it's never been a better time to fix your rate!
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.