Fixed Interest Mortgage

The Source of Best Fixed Rate Mortgages

It’s difficult to determine the reliability of many online Best Buy tables as it’s often not possible to ascertain who sourced the information. A Best Buy table, unlike a fixed rate mortgage broker, will often appear to offer consumers accurate data about fixed rate mortgages but may use data which is old, inaccurate or even fraudulent. Unfortunately there is no way of knowing for certain how reliable this information is, so we cannot depend on Best Buy tables to help us find the best deals on fixed rate mortgages.

Thankfully, there are many good companies who have great relationships with lenders and are therefore able to offer you up-to-the-minute rates on the best fixed rate mortgage deals.

What Does The Table Tell You?

If you’re looking for best fixed rate mortgages, a Best Buy table will show you the cheapest loans available. However, whilst this is fine in principle it is not an accurate portrayal of the reality of some seemingly low rate loans.

A loan with a rate at 1.99% may carry arrangement fee of 1%, a redemption charge in the thousands, and penalties which would leave you severely out of pocket. From this example we can see that very low fixed rate mortgages are not so clear cut as Best Buy tables would have us believe.

Finding the Best Fixed Rate Mortgages

Unfortunately, searching for ‘best fixed rate mortgages’ online will not present you with the best rates to suit your needs. ‘One size fits all’ fixed rate mortgages are a misnomer – the best rate for you will always be one which has been tailored to fit your individual requirements. If you’re looking for fixed rate mortgages, it’s advisable to seek advice from a fixed rate mortgage broker who will be able to discuss all of your requirements with you in detail.

The only place you can truly find the best fixed rate mortgages is with a broker. A good broker will assess and compare all of the rates on the market and pick the best deals from more than just one rate – a service which a Best Buy table is unable to offer.

Choosing between Best Rate Mortgages

When deciding which mortgage would be best for you, a good fixed rate mortgage broker will make sure to base this decision on a number of factors so as to find the best rates to suit your needs. Your broker will be looking to assess:

  • Your long term goals.
  • Your long term goals.
  • Your current financial status and equity.
  • Your possible future financial status.
  • Your demographic, including where you live and what you do for a living.

By taking into account all of the above factors, and more, your fixed rate mortgage broker will be able to present you with a choice of fixed rate mortgages which have all been discreetly selected to offer you the best fixed rate mortgages possible.

* The term ‘best’ is very restricted within the current regulated market place we operate in. For clarity we access our fixed rate mortgages deals from a panel of lenders which are representative of the whole market