Mortgage rates available from 1.99%

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Godiva Mortgages has launched a fantastically low two-year discounted rate at 1.99% designed to keep monthly repayments to a minimum. Mortgage lenders are trying to be innovative and they are coming up with new ideas.

Godiva Mortgages is part of The Coventry Building Society and the 1.99% discounted rate offered is one of the lowest ever new mortgage rates. It is an ideal rate for borrowers wanting to keep monthly costs low - the arrangement fee is 1.99% of the loan amount and capped at £1999.

Abbey for intermediaries is increasing the pressure on its competitors and is now offering an alternative to more regular rates. They have launched a leading two-year tracker rate and it allows customers to switch in to a fixed rate at any time, without incurring an early repayment charge.  Trinity Financial has access to one of their lowest two-year remortgage trackers at 2.49% and it is available to borrowers with 30% equity in their property. Abbey will pay the property valuation and legal fees, lowering the cost of remortgaging to them.

If you would prefer a Bank of England base rate tracker mortgage, there are some great options available. The Skipton Building Society offers a two-year tracker rate at 2.28% and it has a £999 arrangement fee. Both the Godiva and Skipton mortgages require a 40% deposit.

Switch-to-fix mortgages have become more popular since the Bank of England base rate hit 0.5%. The Nationwide Building Society and The Woolwich are two of the largest lenders also offering customers the facility to switch to a fix at any point. If you are looking to purchase a property then we can access term-tracker mortgages from 2.49% if you have a 30% deposit and they have the same level of flexibility.

May 5, 2011

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