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MORTGAGE MONDAY: This week’s Best Rate Mortgage

Would you like to save money on your mortgage?

View this week’s Best Rate Mortgages for doctors and dentists, to help you save money on your monthly mortgage payments.


This article does not constitute advice. Professional advice should be taken prior to acting on any part of it. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.


Mortgages for Doctors and Dentists

Whether you are looking to remortgage and save money on your current monthly mortgage payment, invest in a buy-to-let property or require finance for your first home, Dental & Medical Financial Services have access to the best rates on the market.

As independent mortgage brokers, we can help you decide which mortgage is best for your situation.

It is also important to carefully consider the term of your mortgage to take into account your retirement plans too.

We will help you choose from:

  • A wide range of fixed rate mortgages
  • Tracker mortgages
  • Offset mortgages, which may suit you if you have savings
  • Low deposit options for first time buyers, to help you get onto the ladder
  • Buy-to-let mortgages, even in a difficult market for landlords

Here are this week’s current best rates:

TERMTYPELAST WEEK'S RATERATE OF INTERESTGREAT FOR:
2 yearFIXED - 65%1.24%1.19%Saving money by remortgaging
2 yearTRACKER1.19%1.19%Taking advantage of low Bank of England base rate
3 yearFIXED - 65%1.59%1.59%Saving money by remortgaging
5 yearFIXED - 65%1.74%1.69%Saving money by remortgaging
10 yearFIXED - 65%2.49%2.59%Long-term reassurance of low monthly payments
2 yearFIXED (Offset) - 60%1.29%1.29%Saving money by remortgaging
2 yearFIXED - 90%1.95%1.89%First-time buyers with small deposit
2 yearFIXED - 85%1.33%1.38%First-time buyers with small deposit
2 yearFIXED - Buy-to-Let - 75%1.84%1.84%Property investors with a moderate deposit
Average lendersStandard Variable Rate4.28% (June)
4.28% (July)Flexibility

Swap rates that determine mortgage prices are increasing

Swap rates, that largely determine mortgage prices, are the rate at which lenders can source money. These have been steadily rising and even though the base rate of interest remains low, some longer-term mortgage product rates are rising.

More homeowners are considering 10 year fixed rates though in light of seeking security in an unstable market.


3 things to consider when looking for a mortgage

  1. Low rates are of course important and tend to be what most homeowners base their decisions on
  2. As well as finding the best rates though, it is vital to find mortgage deals that offer low fees, so that the overall cost of your mortgage is as low as possible.
  3. Find a lender that has reasonable early repayment fees, so if life takes a different turn you will not be left footing a hefty bill

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