Be aware that unless your interest rate deal is fixed, changes in the Bank of England’s interest rate may affect your lender’s rate, either directly or indirectly. The Bank of England’s rate is at a historically low level, but the Bank of England’s rate may rise and you may see your lender’s interest rate go up too. So it’s important to ensure you can keep your mortgage affordable both now
and in the future.
The mortgage market is harder to navigate since lenders started tightening their criteria and making it more difficult to borrow. So shop around and compare offers from a number of providers to find the best mortgage rates available to you. The best mortgage rates you can get will depend on such things as how much you wish to borrow, how long you want to spend paying it back and your credit rating.
The best mortgage deals could offer such things as:
- Tracker, flexible, or fixed rate of interest, depending on your needs
- A competitive interest rate
- A low or no fee for early repayment of your mortgage
Use our free service to find the best mortgage rates for you in a deal that is competitive and meets your individual requirements.