Mortgage borrowers will be pleased to see that mortgage rates in the remortgage and moving home charts remained competitively low this week. Saying this, there is some indication that rates on lower loan-to-value (LTV) deals may start to rise, so borrowers should act quickly to secure the best deal possible.
When considering which mortgage deal is best, borrowers should take into consideration a number of factors and not just the rate, as this will reflect the true cost of the deal. For example, factors like product fee, incentives and flexible features should be included in the decision-making process. Those uncertain of which deal is best should consider speaking to a mortgage broker.