Mortgages
Thousands of mortgages compared and rated
Our mortgage calculator compares thousands of mortgages and remortgage products
Kevin Mountford
Head of Mortgages
About Kevin
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Mortgage Best Buys
Mortgage types explained
Our best buys supply the Daily & Sunday Times, Telegraph, Independent, Express, Mirror, Sun, What Mortgage & Your Mortgage
Remortgage
Scenario: £180k mortgage, min 40% deposit & sourced by complete cost. Results ordered by type & payrate
| Lender |
Initial Rate |
Until |
Subsequent Rate |
Overall Cost for Comparison |
Max Loan To Value |
Proceed |
|
Woolwich
0845 070 1721
|
5.69%
|
Term
|
5.69%
|
5.9% APR
|
60%
|
|
|
Our opinion: TRACKER – a term product with a low rate and an arrangement fee of £995. There is a maximum loan amount of £500,000, however you will need a 40% deposit to secure this mortgage. Has featured in newspaper Best Buy tables.
|
|
Nationwide BS
0871 855 0815
|
5.74%
|
3 Years
|
6.49%
|
6.5% APR
|
75%
|
|
|
Our opinion: TRACKER – a three year product with an arrangement fee of £599. The fee may be added to the mortgage, however you will be charged interest on it during the term of the loan.
|
|
HSBC Bank
0800 432 0492
|
5.79%
|
Term
|
5.79%
|
6% APR
|
75%
|
|
|
Our opinion: TRACKER – has a good loan to value ratio, along with a reasonable booking fee of £599. Product also has the freedom to make unlimited overpayments without incurring a fee. Featured in the Sunday Telegraph (05-10-08) and Mail on Sunday (05-10-08) Best Buy tables.
|
|
Abbey
0800 032 4260
|
5.54%
|
January 2011
|
7.09%
|
7% APR
|
70%
|
|
|
Our opinion: FIXED – this product is available specifically for remortgages, and offers a competitive rate with an arrangement fee of £1,499. A 30% deposit will be required, and there is a maximum loan amount of £250,000.
|
|
First Direct
0871 855 1121
|
5.95%
|
3 Years
|
6%
|
6.2% APR
|
80%
|
|
|
Our opinion: FIXED – a deposit of 20% will be required to secure this mortgage, along with a product fee of £598. There is also the facility to offset the mortgage against your savings which may help to reduce the amount outstanding.
|
|
NatWest
0871 855 0554
|
6.19%
|
January 2011
|
7.19%
|
7.3% APR
|
75%
|
|
|
Our opinion: FIXED – NatWest have this remortgage only product with a rate of 6.19% for 2 years. The fee is reasonable at £999 and a 25% deposit is needed. The product comes with a free standard valuation and all legal fees paid.
|
|
Market Harborough BS
0871 855 1735
|
5.95%
|
Term
|
5.95%
|
6.2% APR
|
75%
|
|
|
Our opinion: DISCOUNT – this is a term product with no arrangement fee. There is a minimum loan amount of £75,000 and a 25% deposit will be required. The provider is currently offering to refund a basic valuation fee on completion up to a value of £300.
|
|
Norwich & Peterborough BS
0871 855 0820
|
6%
|
2 Years
|
7.05%
|
7.1% APR
|
85%
|
|
|
Our opinion: DISCOUNT – there is a reservation fee of £999 payable for this product, and a 15% deposit will be required. For remortgages there is a free valuation, as well as free legal fees or £200 cash back.
|
Adverse Credit
Light adverse - 1 CCJ, medium adverse - 2 CCJs and 1 default, heavy adverse - 3 CCJs and 2 defaults
