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Mortgage Best Buys

Our best buys supply the Daily & Sunday Times, Telegraph, Independent, Express, Mirror, Sun, What Mortgage & Your Mortgage

Remortgage

Mortgages suitable for those remortgaging, sourced based on lowest payrate. Where a provider's logo is displayed products may be applied for directly.

Lender Initial Rate Until Subsequent Rate Overall Cost for Comparison Max Loan To Value Proceed

HSBC Bank

2.49% 2 Years 3.94% 3.8% APR 60%
Our opinion: DISCOUNT – HSBC have released this best buy discount product. The rate is excellent at only 2.49% but you will need a 40% deposit. The fee is £999 and an Early Repayment Charge applies for the first 2 years.

Hanley Economic BS

2.95% 2 Years 4.74% 4.7% APR 75%
Our opinion: DISCOUNT - This is a competitive two-year discount available for those with a deposit of 25% or more. The arrangement fee is £949 although those remortgaging receive free legal work. An early repayment charge applies during the discounted term.

Clydesdale Bank

2.99% December 2011 4.59% 4.6% APR 60%
Our opinion: DISCOUNT – Competitive 2 year discount product for those looking to remortgage. The rate is 2.99% and the fee is £999, although you will need a deposit of 40%. An Early Repayment Charge applies until December 2011.

Abbey

0800 032 4260

2.69% 2 Years 4.24% 4.1% APR 70%
Our opinion: TRACKER - Excellent rate of 2.69%, available to those with a deposit of 30% or more. There is a £995 arrangement fee although those remortgaging receive free legal work and up to £1,190 of valuation fees paid. An early repayment charge applies for the two-year term. If you don’t want to be tied in for two years, an alternative is one of the term trackers which have no penalties at any time.

Woolwich

0800 197 1059

2.77% Term 2.77% 2.9% APR 70%
Our opinion: TRACKER – The rate on this tracker is 2.27% above BBR for the term of the loan, giving a current rate of 2.77%. The fee is £999 and a deposit of at least 30% is required. Unusually for term trackers, an early repayment charge applies, although only until 31/01/2012.

ING Direct

2.79% December 2011 3.5% 3.5% APR 75%
Our opinion: TRACKER – ING Direct are currently offering this 2-year tracker that is available with a 25% deposit. It comes with a product fee of £795, which includes a £195 booking fee paid on application. There will be an Early Repayment Charge payable until 31/12/2011.

Abbey

0800 032 4260

3.69% Febuary 2012 4.24% 4.3% APR 70%
Our opinion: FIXED - If you’re looking for a two-year fix and have a 30% deposit, this is a highly competitive deal, particularly if you’re remortgaging. There is a £799 arrangement fee although those remortgaging receive up to £1,190 to cover the cost of the valuation. An early redemption charge applies until the end of the fixed term, which is 02/02/2012.

Hanley Economic BS

3.69% November 2011 4.74% 4.8% APR 70%
Our opinion: FIXED - Highly competitive product available for loans up to 70% of the property’s value. Rate is fixed until 30/11/2011 and the booking fee is £895. Those remortgaging receive £250 towards legal costs. An early redemption charge applies throughout the fixed term.

first direct

3.69% 2 Years 3.69% 3.8% APR 60%
Our opinion: FIXED – first direct are currently offering a 2 year fixed product at 3.69%. The combined booking and arrangement fee is only £498 and a 40% deposit is required. There will be an Early Repayment Charge payable for the first 2 years of the mortgage.

Fixed

Mortgages with a fixed rate initial term, sourced on lowest payrate. Where a provider's logo is displayed products may be applied for directly.

Lender Initial Rate Until Subsequent Rate Overall Cost for Comparison Max Loan To Value Proceed

Abbey

0800 032 4260

3.69% Febuary 2012 4.24% 4.3% APR 70%
Our opinion: FIXED - If you’re looking for a two-year fix and have a 30% deposit, this is a highly competitive deal, particularly if you’re remortgaging. There is a £799 arrangement fee although those remortgaging receive up to £1,190 to cover the cost of the valuation. An early redemption charge applies until the end of the fixed term, which is 02/02/2012.

Hanley Economic BS

3.69% November 2011 4.74% 4.8% APR 70%
Our opinion: FIXED - Highly competitive product available for loans up to 70% of the property’s value. Rate is fixed until 30/11/2011 and the booking fee is £895. Those remortgaging receive £250 towards legal costs. An early redemption charge applies throughout the fixed term.

first direct

3.69% 2 Years 3.69% 3.8% APR 60%
Our opinion: FIXED – first direct are currently offering a 2 year fixed product at 3.69%. The combined booking and arrangement fee is only £498 and a 40% deposit is required. There will be an Early Repayment Charge payable for the first 2 years of the mortgage.

Nationwide BS

3.78% 2 Years 3.99% 4.2% APR 70%
Our opinion: FIXED - Not quite market-leading in terms of rate but still a really competitive two-year fix. Available for those with a deposit of 30% or more there is a £995 arrangement fee and an early redemption charge applies during the fixed term. Borrowers can make penalty-free overpayments of up to £500 per month.

NatWest

0800 158 2921

4.39% December 2012 4% 4.3% APR 75%
Our opinion: FIXED - For those looking for 3 Year products NatWest are currently offering a rate of 4.39%. It comes with a fee of £999 and a 25% deposit is required. An Early Repayment Charge is payable until 31/12/2012.

HSBC Bank

4.95% Febuary 2015 3.94% 4.5% APR 60%
Our opinion: FIXED – One of the leading five-year fixed rates available. There is £999 booking fee which is non-refundable, although anyone remortgaging receives free legal work. Note, that this product is only available to those with a deposit of 40% or more. An early repayment charge applies until Febuary 2015.

Newcastle BS

4.99% December 2014 5.99% 5.9% APR 75%
Our opinion: FIXED - Leading five-year fix for loans up to 75% of the property’s value. There is a slightly lower rate available for those with a deposit of 40% or more, but overall this is a very competitive deal. There is a £994 arrangement fee and an early repayment charge applies until 31/12/2014.

Loughborough BS

4.99% 3 Years 4.99% 5.2% APR 80%
Our opinion: FIXED – The Loughborough are offering a 3 year product for those with only a 20% deposit, the rate is 4.99% and the fee is £499. Overpayments of up to 10% of the loan can be repaid each year without charge. There will be an Early Repayment Charge payable for the first 3 years.

Britannia

5.49% 10 Years 4.24% 5.4% APR 60%
Our opinion: FIXED – A 10-year product is being offered by the Britannia, the rate is reasonable at 5.49% and the fee is £599. There will be an Early Repayment Charge payable for the first 10 years of the mortgage.

Base Rate Trackers

Mortgages where the initial term is a base rate tracker, sourced on lowest payrate. Where a provider's logo is displayed products may be applied for directly.

Lender Initial Rate Until Subsequent Rate Overall Cost for Comparison Max Loan To Value Proceed

Abbey

0800 032 4260

2.69% 2 Years 4.24% 4.1% APR 70%
Our opinion: TRACKER – Abbey are currently offering this 2-year tracker product with a rate of 2.69%. A 30% deposit will be required to secure this rate and there is an arrangement fee of £995. There will be an Early Repayment Charge payable for the first 2 years of the mortgage.

Woolwich

0800 197 1059

2.77% Term 2.77% 2.9% APR 70%
Our opinion: TRACKER – The rate on this tracker is 2.27% above BBR for the term of the loan, giving a current rate of 2.77%. The fee is £999 and a deposit of at least 30% is required. Unusually for term trackers, an early repayment charge applies, although only until 31/01/2012.

Nationwide

2.78% 2 Years 3.99% 3.9% APR 70%
Our opinion: TRACKER - A competitive rate although not quite the market-leader. A deposit of 30% is required to secure the mortgage. The arrangement fee is £995 and an early repayment charge applies for the two-year term.

ING Direct

2.79% December 2011 3.5% 3.5% APR 75%
Our opinion: TRACKER – ING Direct are currently offering this 2-year tracker that is available with a 25% deposit. It comes with a product fee of £795, which includes a £195 booking fee paid on application. There will be an Early Repayment Charge payable until 31/12/2011.

Cheshire BS

2.79% 2 Years 3.99% 3.9% APR 70%
Our opinion: TRACKER – The Cheshire return to the best buy tables with a newly released tracker product. The rate is 2.79% for 2 years, the fee is £999 and a 30% deposit is needed. There will be an Early Repayment Charge payable for the first 2 years of the mortgage.

first direct

2.79% Term 2.79% 2.9% APR 60%
Our opinion: TRACKER - A term tracker with a great rate of 2.79%. The arrangement fee is £999 and a 40% deposit is required. There is no Early Repayment Charge payable on this product.

NatWest

0800 158 2921

2.99% December 2011 4% 4.1% APR 80%
Our opinion: TRACKER – NatWest are offering a 2-year tracker product with a rate of only 2.99%. The fee is £999 and only a 20% deposit is required. There will be an Early Repayment Charge payable until December 2011.

10% Deposit

Mortgages suitable for those with a 10% deposit, sourced based on payrate. Where a provider's logo is displayed products may be applied for directly.

Lender Initial Rate Until Subsequent Rate Overall Cost for Comparison Max Loan To Value Proceed

HSBC Bank

5.19% Term 5.19% 5.4% APR 90%
Our opinion: TRACKER - If you need to borrow 90% and are looking for a long-term deal, this is a really competitive product. Unlimited overpayments and lump sum payments are allowed without charge. The arrangement fee is £999 and there is no early repayment charge.

Saffron BS

5.89% November 2012 5.39% 5.7% APR 90%
Our opinion: FIXED – The Saffron are offering a 3 year 90% LTV product for those moving home. The rate is 5.89% and the fee is £995. 10% capital repayments allowed each year during the fixed period. An Early Repayment Charge is payable until 30/11/2012.

Yorkshire Bank

5.99% December 2011 4.59% 5.1% APR 90%
Our opinion: FIXED - A well priced 2 year fixed rate, with an arrangement fee of £999. The product allows you to borrow up to 90% of the property's value. There will be an Early Repayment Charge payable until December 2011.

HSBC Bank

5.99% Febuary 2012 3.94% 4.5% APR 90%
Our opinion: FIXED - You will pay a premium if you want the security of a fixed rate. However, this is the leading 2-year fix for 90% mortgages. The fee is below average at £599 and an early repayment charge applies during the fixed term.

Clydesdale Bank

6.69% December 2014 4.59% 5.8% APR 90%
Our opinion: FIXED – A long-term fixed rate is on offer from the Clydesdale Bank with a rate of 6.69% for 5 Years. The fee is £999 and an Early Repayment Charge is payable until 31/12/2014.

First Active

6.79% December 2011 2.79% 3.6% APR 90%
Our opinion: FIXED – First Active have a short-term fixed product for those with a 10% deposit. The rate is 6.79% until October 2011 and the fee is £699. There will be an Early Repayment Charge payable until 31/12/2011.

Direct Line

6.89% December 2011 2% 3% APR 90%
Our opinion: FIXED – Direct Line are offering this fixed 2-year product with a rate of 6.89%. The fee is reasonable at £499 and you can overpay up to 10% each year without penalty. There will be an Early Repayment Charge payable until 31/12/2011.

Abbey

0800 032 4260

6.89% Febuary 2015 4.24% 5.7% APR 90%
Our opinion: FIXED – The Abbey are offering a fixed product with a rate of 6.89% for 5 years, the fee to qualify for this product is £995. There will be an Early Repayment Charge payable until 2/2/2015.

Royal Bank of Scotland

6.89% December 2014 4% 5.6% APR 90%
Our opinion: FIXED – This long term fixed rate from RBS is available with a 90% loan to value. The arrangement fee is £999 and the product allows you to overpay by 10% of the outstanding balance each year without penalty. There will be an Early Repayment Charge payable until December 2014.

Buy to Let

Mortgages suitable for those with a 40% deposit who are looking to purchase a buy to let property, sourced on lowest payrate. Where a provider's logo is displayed products may be applied for directly.

Lender Initial Rate Until Subsequent Rate Overall Cost for Comparison Max Loan To Value Proceed

The Mortgage Works

3.74% December 2011 4.69% 5.1% APR 60%
Our opinion: TRACKER – This 2 year tracker product is available from The Mortgage Works with a rate of 3.74%. The arrangement fee is 3.5% of the loan amount, with a minimum fee payable of £595. There will be an Early Repayment Charge payable until December 2011.

BM Solutions

4.1% 2 Years 3.99% 4.4% APR 60%
Our opinion: TRACKER – This tracker product from BM Solutions will require a 40% deposit. The arrangement fee is 3.0% of the amount borrowed and the rental income must cover 125% of the mortgage payments. There will be an Early Repayment Charge payable for the first 2 years of the mortgage.

NatWest

4.99% December 2011 4.5% 5% APR 75%
Our opinion: TRACKER - Highly competitive deal for those needing to borrow up to 75% of the property’s value. The rate is variable so repayments could vary. There is a £1,999 arrangement fee although those remortgaging receive a free standard valuation and free legal work. An early redemption charge applies until December 2011.

Cheltenham & Gloucester

4.99% January 2013 2.5% 3.2% APR 60%
Our opinion: TRACKER - This BTL product from Cheltenham & Gloucester is a short-term tracker rate. The arrangement fee is 2.5% of the amount borrowed and a 40% deposit is needed. There will be an Early Repayment Charge payable until January 2013.

National Counties BS

5.44% Term 5.44% 5.9% APR 60%
Our opinion: SVR – National Counties Building Society are currently offering this term product with a rate of 5.44%. The arrangement fee is £2,495 and you can borrow up to 70% of the property’s value. There is no Early Repayment Charge payable on this product.

Principality BS

5.49% November 2012 4.99% 5.5% APR 60%
Our opinion: FIXED – The Principality have a 3 year product with a rate of 5.49%, however it does come with a fee of 2.50% of the loan. There will be an early repayment charge payable until November 2012.

Lloyds TSB

5.69% January 2013 2.5% 3.3% APR 60%
Our opinion: FIXED – Lloyds TSB are offering a 3 year fixed product. The rate is 5.69% and the fee is 2.5% of the amount borrowed. There will be an Early Repayment Charge payable until January 2013.

1st Time Buyers

Mortgages suitable for first time buyers with a maximum 15% deposit, sourced based on lowest payrate. Where a provider's logo is displayed products may be applied for directly.

Lender Initial Rate Until Subsequent Rate Overall Cost for Comparison Max Loan To Value Proceed

Leek United BS

3.94% 5 Years 5.19% 5% APR 85%
Our opinion: DISCOUNT – A 5 Year discount product is on offer from the Leek United building society. The rate is 3.94%, the fee is reasonable at only £495 and a 15% deposit is required. There will be an Early Repayment Charge payable for the first 2 years of the mortgage.

Furness BS

4.94% 3 Years 5.44% 5.5% APR 90%
Our opinion: DISCOUNT – This product from Furness Building Society is specially designed for first time buyers. There is an arrangement fee of £699 and a 10% deposit will be required. There will be an Early Repayment Charge payable for the first 3 years of the mortgage.

Share to Buy

4.29% Term 4.24% 4.5% APR 85%
Our opinion: VARIABLE - Highly competitive variable rate deal with no arrangement fee or early redemption charge. What sets this apart from most other mortgages is that it is aimed at friends buying together – up to four people can be on the mortgage. Only available to graduates.

NatWest

0800 158 2921

4.69% December 2011 4% 4.3% APR 90%
Our opinion: TRACKER - This is a great deal available only to first-time buyers needing to borrow up to 90% of the property’s value. Not only is the rate market-leading, but there is also no arrangement fee. However, it is a tracker so your payments will rise if base rate goes up although you can switch onto a fixed rate after three months. An early repayment charge applies until 31/12//2011.

HSBC Bank

5.19% Term 5.19% 5.4% APR 90%
Our opinion: TRACKER - If you need to borrow 90% and are looking for a long-term deal, this is a really competitive product. Unlimited overpayments and lump sum payments are allowed without charge. The arrangement fee is £999 and there is no early repayment charge.

Lloyds TSB

4.99% January 2013 2.5% 3.4% APR 95%
Our opinion: FIXED – Lloyds TSB are offering this Lend a Hand product exclusive for first time buyers. The buyer will need a 5% deposit along with a helper who is prepared to offer another 20% of the property value. The rate would be 4.99% for 3 years with a fee of £1,094.

Nottingham BS

0844 209 8729

5.69% December 2012 6.14% 6.2% APR 85%
Our opinion: FIXED - Leading rate on a three-year fix for loans up to 85% of the property’s value. The combined booking and arrangement fee is £995. An early repayment charge applies until December 2012.

Nationwide

5.74% 2 Years 3.99% 4.7% APR 85%
Our opinion: FIXED - Market-leading two-year fixed rate for loans up to 85% of the property’s value. There is a £995 arrangement fee and an early redemption charge applies during the fixed term. However, more competitive rates are available if you are happy to lock in to a longer term fix or go for a variable rate deal.

Leeds BS

5.75% January 2015 5.49% 6% APR 85%
Our opinion: FIXED – Leeds BS are offering a long-term fixed rate for those with a 15% deposit. The rate is 5.75% until January 2015 and the fee is £999. To qualify for this rate you must take out the provider’s home insurance. An Early Repayment Charge is payable until January 2015.

Offset

Mortgages with an offset facility attached, sourced based on lowest payrate. Where a provider's logo is displayed products may be applied for directly.

Lender Initial Rate Until Subsequent Rate Overall Cost for Comparison Max Loan To Value Proceed

Clydesdale Bank

2.99% December 2011 4.59% 4.6% APR 60%
Our opinion: DISCOUNT - Competitive rate although this is a two-year discounted product and there are slightly lower rates available on some lifetime tracker offsets. A deposit of at least 40% is required, and this deal is available to house purchasers and those looking to remortgage . There is a £999 fee and an early repayment charge applies until 31/12/2011.

Marsden BS

3.29% November 2012 5.49% 5.1% APR 60%
Our opinion: DISCOUNT – This 3 year discount product is currently on offer from Marsden Building Society. The arrangement fee is £1098 and there is a free basic valuation for properties worth up to £500,000. There is no Early Repayment Charge payable with this product.

Market Harborough BS

3.99% 2 Years 5.49% 4.5% APR 75%
Our opinion: DISCOUNT - Competitive two-year discounted rate for loans up to 75% of the property’s value. There are lower rates available, particularly if you have a deposit of 30% or more. The arrangement fee is £995 although borrowers receive £10 cashback and up to £550 of the valuation fee refunded. It’s worth noting that there is no early repayment charge.

first direct

2.79% Term 2.79% 2.9% APR 60%
Our opinion: TRACKER - A term tracker with a great rate of 2.79%. The arrangement fee is £999 and a 40% deposit is required. There is no Early Repayment Charge payable on this product.

Woolwich

0800 197 1059

2.97% Term 2.97% 3.1% APR 70%
Our opinion: TRACKER – The rate on this offset tracker is 2.47% above BBR for the term of the loan. The minimum loan size is high at £150,000 and a deposit of at least 30% is required. Unusually for term trackers, an early repayment charge applies, although only until 31/01/2013.

Scottish Widows

3.19% 2 Years 3.99% 3.9% APR 60%
Our opinion: TRACKER – A short-term tracker product is being offered by Scottish Widows. The rate is 3.19% for 2 years, the fee is £999 and a 40% deposit is needed. There will be an Early Repayment Charge payable for the first 2 years of the mortgage.

first direct

3.69% 2 Years 3.69% 3.8% APR 60%
Our opinion: FIXED – first direct are currently offering a 2 year fixed offset product at 3.69%. The combined booking and arrangement fee is £498 and a 40% deposit is required. There will be an Early Repayment Charge payable for the first 2 years of the mortgage.

Scottish Widows Bank

4.79% October 2011 3.99% 4.2% APR 75%
Our opinion: FIXED - If you’re wanting a fixed rate offset this is the leading rate for those looking to borrow 75% of the property’s value. The rate is fixed until 31/10/2011 and an early repayment charge applies during that time. There is a £999 arrangement fee.

Leeds BS

5.5% January 2015 5.49% 5.9% APR 60%
Our opinion: FIXED – The Leeds are offering a 5 year offset product with a rate of 5.50% and a fee of £999. 10% capital repayments are allowed each year without penalty. There will be an Early Repayment Charge payable until January 2015.

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Mortgage Guide

A mortgage is a sum of money borrowed from a bank, building society or other lenders in order to buy a property. The mortgage is then repaid over time, together with added interest. There are many different types of home loans – including fixed, discounted and even offset mortgages – which is why an apparently cheap mortgage deal may not always be best for your needs. Take a look at our guide to finding a cheap mortgage deal.

Why use us for your Mortgage requirements?

Whether you are a first-time buyer looking for a new mortgage or aiming to switch home loans at the end of a deal with an existing lender, you want to find the best option to meet your needs.

That’s not always as easy as it seems: there are thousands of mortgages available at any one time, from various lenders. They cover just about every type of deal and cater for all sorts of different requirements.

For example, a new homebuyer may want the security of a fixed rate mortgage and an existing borrower may just want a cheap remortgage deal – and those with bad credit will simply be looking for a specialised lender willing to give them a chance.

All borrowers, regardless of personal status, want to be able to compare the best mortgages on the market and find out what might suit them. Which is where our mortgage comparison service can help. It covers the entire market – be it trackers, fee-free, flexible or self-certified loans – and, effectively acting as a mortgage calculator, can tell you within seconds what products might suit you best.

To find the right deal, all you do is answer some simple questions. Our search tool will narrow down the field on your behalf, tell you what loans are available, how long the deals last for and their true cost.

The service even tells you the monthly payments and how much interest you might pay, allowing you to decide if it is affordable or not. You can then apply, either online or by phone.

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