what are the best mortgage deals on the market at the moment?

my current 2yr fixed rate deal runs out in jan09 so what would be the best mortgage to go for in the current climate? i’m looking for around about 65% of the propertys’ value. also, how soon can i have my new deal in place before my previous one expires so that i dont pay twice in one month.

thanks in advance.

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3 Responses to “what are the best mortgage deals on the market at the moment?”

  1. Impartial.co.uk says:

    The term ‘best’ deal is extremely important and one which your mortgage broker should explain to you in detail. Of the various mortgage rates which are available on the market it is necessary to look at all the various aspects of the mortgage deals to work out which is the best.

    In order to do this you must look at the overall cost of the mortgage.For example, when comparing 2 year fixed rates it is necessary to total the monthly payments up over 24 months and then add back in the associated arrangement fees. Also bear in mind certain products will have ‘incentives’ such as free valuation and free legals which need to be factored in to the overall cost.

    It would be impossible to assess what would be the best mortgage deal for you at the moment without knowing all of your personal circumstances. Also, in the current climate it may be best for you to remain on your lenders Standard Variable Rate (SVR). With many lenders reducing their SVR, in certain instances this can be cheaper than any new mortgage deal on the market.

    In order to assess what the best mortgage deal for you, take advice from an independent mortgage broker.
    http://www.wwfp.net/mortgage/mortgage-broker.html

    Disclaimer:
    The answers above are for guidance only and should not be acted upon without you receiving professional mortgage advice relevant to your circumstances. To find an independent mortgage adviser please go to http://www.impartial.co.uk.

  2. golferwhoworks says:

    you can do it now if your credit is good and go conforming as you will not have mi
    I am a mortgage banker in TN & KY

  3. Steve B says:

    Either learn to do you own research OR pay through the nose for advice …

    HINT: try web sites like ‘MoneySavingExpert’

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