In a highly competitive market, UKFCS is always on top of the latest rate changes and mortgage news, to help you obtain the very best mortgage package available. We are a whole of market mortgage brokers, with access to almost every single mortgage package available in the UK. We specialise in helping you find the best mortgages available, including remortgages and buy to let mortgages.
Here are some of the best mortgage deals available this past month – for more information on them, or for a tailored quotation please contact us HERE.
10 Year Fixed Rate now available.
The phrase “you only get out what you put in” is often used, and is particularly relevant when it comes to mortgages at the moment. The greater the amount the client has to put in, the lower the interest rate. “Thanks for stating the obvious” I can hear you saying, but we thought we’d put some examples together to show what this actually means in terms of rate, and the number of products available: 70% LTV _ 2.09% two year tracker – 2240 products 75% LTV _ 2.29% two year tracker – 1695 80% LTV _ 2.75% three year discount – 868 85% LTV _ 3.49% two year tracker – 387 90% LTV _ 4.34% three year discount – 101 95% LTV _ 5.99% two year fix (Based on £200000 purchase price, capital & interest, intermediary products available on Trigold Prospector this morning). It just shows you how product availability decreases, and interest rates decrease, the higher up the LTV ratio you go. The real battleground for lenders is 70% and below. The FSA published its mortgage lending data the other day and, guess what, the proportion of new lending done at an LTV of more than 90% fell below 2% for the first time since Q1 last year. We are aware of only one genuine 95% LTV intermediary product, and even that doesn’t appear on our sourcing system. But let’s look on the bright side – if I’d been writing this two months ago, I wouldn’t have had a single 95% product to tell you about, so things are looking up!
Your home may be repossessed if you do not keep up repayments on your mortgage.