Still good mortgage deals available, claims

Date:Thursday 18th June 2009
Author: Max Freedman

Although the interest rates charged on fixed-rate mortgages are rising, there are still good deals to be found.

This is according to, which said that people who have access to larger deposits can secure competitive mortgage products.

It said: "There are still some 'killer' deals about - borrowers with a large deposit who can act quickly can still lock in both fixed and tracker products at around three per cent."

The organisation added that speed is of the essence for people seeking good home loan rates, as the best deals will disappear quickly.

Consumers who see a product that suits their circumstances should not delay in securing it, concluded.

The price comparison site made its comments in the wake of hikes in interest rates implemented by lenders including Nationwide and Chelsea Building Society, Halifax, Principality Building Society and Cheltenham & Gloucester.

According to a recent report in the Times, most other lenders will follow suit in the near future.