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Find a mortgage bargain now, consumers advised

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No-fee mortgage broker London Country (LC) is advising those trying to find a mortgage for buy-to-let investment to act quickly if they want to get a competitive deal .

According to the mortgage broker there are a number of bargain buy-to-let mortgage offerings currently available, but these may not be around for too long .

Mortgage specialist at LC James Cotton says the mortgage market is currently uncertain .

He notes that mortgage rates have recently moved in both directions .

If you are looking to fix your mortgage and you find a great deal, assume it's not going to be around for long and grab it while you can, is his advice for those trying to find a mortgage .

Mortgage lenders such as Abbey, Bristol West, Halifax and Yorkshire have all increased mortgage rates during the last week, the mortgage broker says.

It adds that over the last two weeks, swap rates over two, three and five years have all gone over the 4.8 per cent mark.

However, LC points out that a few recently announced mortgage deals have bucked the recent trend of increasing mortgage rates.

Among these are Britannia's new three-year fixed-rate mortgage that offers a mortgage rate of 4.49 per cent and a similar two-year offering with a mortgage rate of 4.34 per cent.

Portman Building Society also launched a two-year mortgage with an interest rate of 4.3 per cent, while Newcastle has a five-year deal on offer that charges a mortgage rate of 4.62 per cent.

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