Best buy mortgages readily available below 3%

A host of mortgage lenders have lowered their mortgage rates over the last two weeks and there are now a selection of fixed and tracker rates available below 3%. Some of the largest banks made improvements to their rates including: Halifax, Scottish Widows, Northern Rock and Barclays. Scottish Widows reduced some of their rates by 0.5%. Trinity Financial has access to one of the lowest two-year fixed rates at 2.89%. It is available to borrowers with a 40% deposit and the arrangement fee is £995. The maximum loan size is £1 million. Barclays re-launched their Future Fix mortgage which allows borrowers to track the Bank of England base rate at 2.99% for the first two-years; it then reverts to a 3.99% three-year fixed rate. The mortgage has a £999 arrangement fee and borrowers will need a 30% deposit. The mortgage is also available for loans up to £1 million. If you would like help securing a best buy mortgage, call Trinity Financial on 020 7016 0790. August 22, 2012