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Best Mortgage Rates We aim to update the news section of the mortgagemap.co.uk website with all the latest mortgage, remortgage, and buy to let rates currently available so make sure you check back on a regular basis. We will also bring you any mortgage related news that may be of interest to you.

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Best Mortgage Rates

April 09, 2012 at 4:11 PM

Best Mortgage Rates.

We aim to update the news section of the mortgagemap.co.uk website with all the latest mortgage, remortgage, and buy to let rates currently available so make sure you check back on a regular basis. We will also bring you any mortgage related news that may be of interest to you.

Rates change on a daily basis so if you want the most up to date rates you need to talk to a mortgage or remortgage adviser.

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A word of warning if you intend to pick a mortgage deal on rate alone. The size of the mortgage you are taking makes a big difference to what should be your deciding factor.

For instance if a Lender is offering a 2 year fixed mortgage rate at 4.94%, with an arrangement fee of £399. Meanwhile another lenders 2 year fixed mortgage rate is 5.19% with no arrangement fee, which one would you opt for?

Comparing the TOTAL cost over 2 years, borrowers with a mortgage of £120,000 or less would be better off opting for the higher 5.19% rate. If the loan amount is greater than £120,000 then you would be better off paying the fee to secure the better rate.

In essence you should not decide which mortgage to take based on any single factor. You have to assess the total package to find the all round best deal for you.

A good Mortgage Broker will be able to help you decide based on all the issues. Anyone can search the Internet and find the lowest rate but which is the best rate for you? We can provide you with a great quote, and our enquiry service is free of charge.



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