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Mortgage Best Buys

Our best buys supply the Daily & Sunday Times, Telegraph, Independent, Express, Mirror, Sun, What Mortgage & Your 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 Fees Overall Cost for Comparison Max Loan To Value Proceed

HSBC Bank

2.19% Term £99 2.2% APR 60%
Our opinion: TRACKER – Currently the cheapest term product on the market, HSBC are offering a rate of 2.19%, a loan to value of 60% and a fee of only £99. There is no early repayment charge with this product.

NatWest

0800 158 2919

2.19% November 2012 £999 4% APR 60%
Our opinion: TRACKER – NatWest are offering a 2-year tracker product with a rate only of 2.19%. The fee is £999 and you will need a 40% deposit. There will be an Early Repayment Charge payable until 30/11/2012.

Yorkshire BS

2.25% September 2012 £995 4.6% APR 75%
Our opinion: TRACKER - Moneysupermarket.com Exclusive from Yorkshire building society. Market leading 2-year tracker with a rate of 2.25%, and available to moneysupermarket.com customers only. A deposit of 25% is needed and it comes with a fee of £995. An early repayment charge applies until 30/09/2012.

first direct

2.29% Term £99 2.3% APR 65%
Our opinion: TRACKER - A term tracker with a rate of only 2.29%. The arrangement fee is £99 and a 35% deposit is required. There is no Early Repayment Charge payable on this product.

ING Direct

0800 328 8897

2.29% 2 Years £945 3.5% APR 60%
Our opinion: TRACKER – ING Direct are offering this 2-year tracker rate of 2.29%. Tracks at 1.79% above the Bank of England base rate. Reverts to the Standard Variable Rate of 3.5%. Product Fee of £945 (includes upfront £195 non-refundable booking fee) There will be an Early Repayment Charge of 2% of the loan for the first 24 months.

The Co-operative bank

2.49% November 2013 £999 3.9% APR 75%
Our opinion: TRACKER – The Co-operative Bank have released a 3-year tracker product with a rate of 2.49%. The fee is £999 and it comes with a high loan to value of 75%. An early repayment charge is payable until 30/11/2013.

Mansfield BS

2.49% Term £999 2.6% APR 80%
Our opinion: TRACKER - Mansfield BS offer this tracker at 2.49% with a high loan to value of 80%. An early repayment charge is payable for the first 2 years.

Santander

0800 032 4260

2.59% 2 Years £995 4.1% APR 70%
Our opinion: TRACKER – Santander are currently offering this 2-year tracker product with a rate of 2.59%. 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.

Market Harborough BS

2.8% 2 Years £995 4% APR 80%
Our opinion: TRACKER – For those with a 20% deposit, Market Harborough are offering a 2-year rate of 2.80%. The combined booking and arrangement fee is £995 and there is no early repayment charge with this product.

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 Fees Overall Cost for Comparison Max Loan To Value Proceed

first direct

2.49% Term £99 2.5% APR 65%
Our opinion: TRACKER - A term tracker with a rate of 2.49%. The arrangement fee is £99 and a 35% deposit is required. There is no Early Repayment Charge payable on this product.

Yorkshire BS

2.49% September 2012 £995 4.7% APR 75%
Our opinion: TRACKER – Yorkshire building society have a 2-year offset tracker with a rate of 2.49%. A deposit of only 25% is needed and it comes with a fee of £995. An early repayment charge applies until 30/09/2012.

Market Harborough BS

2.8% 2 Years £995 4% APR 80%
Our opinion: TRACKER – For those with a 20% deposit, Market Harborough are offering a 2-year rate of 2.80%. The combined booking and arrangement fee is £995 and there is no early repayment charge with this product.

Yorkshire BS

2.99% September 2012 £995 4.8% APR 75%
Our opinion: FIXED – An excellent offset rate of only 2.99% for 2 years is available from the Yorkshire building society, the fee is £995 and you will need a deposit of 25% to qualify. An early repayment charge is payable until 30/09/2012.

Leeds BS

3.4% August 2012 £999 5.7% APR 60%
Our opinion: FIXED – A 2 year fixed product is on offer from the Leeds building society with a rate of 3.40%, although you will need to take out the providers home insurance to qualify for this rate. An early repayment charge applies until 31/08/2012.

Clydesdale Bank

2.59% November 2012 £999 4.5% APR 65%
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 35% 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 30/11/2012.

Marsden BS

3.09% September 2012 £598 5.6% APR 70%
Our opinion: DISCOUNT - A short-term product is on offer from the Marsden building society with a rate of 3.09% for 2 years. The deposit is 30% and the fee is reasonable at £598.There is no early repayment charge payable with this product.

Hinckley & Rugby BS

3.39% Term £795 3.5% APR 75%
Our opinion: DISCOUNT – A lifetime product is on offer from the Hinckley & Rugby building society, the rate is 3.39% and the fee is £795. There is no early repayment charge payable with this product.

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 Fees Overall Cost for Comparison Max Loan To Value Proceed
Discount & Variable Mortgages

HSBC Bank

2.19% 2 Years £599 3.8% APR 70%
Our opinion: DISCOUNT – HSBC have released this best buy discount product. The rate is excellent at only 2.19% and you will need a 30% deposit. The fee is only £599 and an Early Repayment Charge applies for the first 2 years.

Saffron BS

2.25% 2 Years £995 5.2% APR 75%
Our opinion: DISCOUNT – A 2 year product is on offer from the Saffron building society. The provider offers free legal work and a refund of the valuation fee up to a maximum of £500. An early repayment charge applies for the first 2 years

ING Direct

0800 328 8897

2.6% November 2012 £0 3.5% APR 70%
Our opinion: DISCOUNT– ING Direct are offering this discount rate of 2.60% until 30/11/2012. Reverts to the Standard Variable Rate of 3.5%. There will be an Early Repayment Charge of 1% until 30/11/2012.
Tracker Mortgages

HSBC Bank

2.19% Term £99 2.2% APR 60%
Our opinion: TRACKER – Currently the cheapest term product on the market, HSBC are offering a rate of 2.19%, a loan to value of 60% and a fee of only £99. There is no early repayment charge with this product.

NatWest

0800 158 2919

2.19% November 2012 £999 4% APR 60%
Our opinion: TRACKER – NatWest are offering a 2-year tracker product with a rate only of 2.19%. The fee is £999 and you will need a 40% deposit. There will be an Early Repayment Charge payable until 30/11/2012.

Yorkshire BS

2.25% September 2012 £995 4.6% APR 75%
Our opinion: TRACKER - Moneysupermarket.com Exclusive from Yorkshire building society. Market leading 2-year tracker with a rate of 2.25%, and available to moneysupermarket.com customers only. A deposit of 25% is needed and it comes with a fee of £995. An early repayment charge applies until 30/09/2012.
Fixed Rate Mortgages

Santander

0800 032 4260

2.75% November 2012 £1995 4.2% APR 60%
Our opinion: FIXED– Santander are offering this fixed rate of 2.75% until 02/11/2012. Reverts to the Standard Variable Rate of 4.24%. There will be an Early Repayment Charge payable until 02/11/2012 and a 40% deposit is required.

Principality BS

2.79% September 2012 £1499 4.9% APR 75%
Our opinion: FIXED – An excellent rate of only 2.79% for 2 years from the Principality building society, the fee is £1499 and only a 25% deposit is needed. An early repayment charge applies until 30/09/2012.

Leeds BS

3.94% November 2015 £999 5.4% APR 60%
Our opinion: FIXED – Leeds BS lead the way with this market leading 5 year rate of only 3.94%. However, you’ll need a deposit of 40% or more to qualify and you will need to take out the providers home insurance to qualify for this rate. The fee is £999 and an early repayment charge applies during the fixed period.

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 Fees Overall Cost for Comparison Max Loan To Value Proceed

Santander

0800 032 4260

2.75% November 2012 £1995 4.2% APR 60%
Our opinion: FIXED – Santander are offering a 2 year rate of 2.75%. The deposit is 40% although you will need to pay a fee of £1,995. An early repayment charge applies until 02/11/2012.

Principality BS

2.79% September 2012 £1499 4.9% APR 75%
Our opinion: FIXED – An excellent rate of only 2.79% for 2 years from the Principality building society, the fee is £1499 and only a 25% deposit is needed. An early repayment charge applies until 30/09/2012.

ING Direct

0800 328 8897

2.79% November 2012 £945 3.5% APR 60%
Our opinion: FIXED– ING Direct are offering this fixed rate of 2.79% until 30/11/2012. Reverts to the Standard Variable Rate of 3.5%. There will be an Early Repayment Charge of 3% for the first 12 months and 2% for the remaining fixed rate period.

Mansfield BS

3.49% 3 Years £999 5.2% APR 75%
Our opinion: FIXED – A 3 year product is on offer from the Mansfield building society with a rate of 3.49%, a deposit of 25% is needed.. An early repayment charge applies for 3 years.

Norwich & Peterborough

0844 854 1315

3.64% 3 Years £995 5% APR 75%
Our opinion: FIXED – Norwich & Peterborough have a competitive 3 year rate of only 3.64%. The deposit is only 25% with a fee of £995. An early repayment charge applies for the 3 years.

LeedsBS

3.94% November 2015 £999 5.4% APR 60%
Our opinion: FIXED – Leeds BS lead the way with this market leading 5 year rate of only 3.94%. However, you’ll need a deposit of 40% or more to qualify and you will need to take out the providers home insurance to qualify for this rate. The fee is £999 and an early repayment charge applies during the fixed period.

HSBC Bank

3.95% November 2015 £599 4.1% APR 60%
Our opinion: FIXED - HSBC lead the way with this market leading 5 year rate of only 3.95%. However, you’ll need a deposit of 40% or more to qualify. The fee is only £599 and an early repayment charge applies during the fixed period.

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 Fees Overall Cost for Comparison Max Loan To Value Proceed
Discount & Variable Mortgages

Share to Buy

4.69% Term £0 4.9% APR 90%
Our opinion: VARIABLE - Highly competitive variable deal with no arrangement or valuation fees. What sets this deal apart is that it is not only a fee-free low rate deal, but there are no early repayment charges so you are never tied in. The minimum loan is £75,000 and is only available for joint applications by graduates.
Fixed Rate Mortgages

Yorkshire BS

4.95% September 2012 £995 5.3% APR 90%
Our opinion: FIXED – The Yorkshire building society, a regular contributor to the best buy tables, are offering this branch only market leading fixed rate of only 4.95% for those with a 10% deposit. The fee is £995 and an early repayment charge applies until 30/09/2012.

Newcastle BS

5.3% August 2012 £694 6.2% APR 90%
Our opinion: FIXED – With more 90% loan to value products entering the market, the Newcastle currently have this fixed rate of 5.30%. The product is available to first time buyers and home movers only.

Post Office

0800 077 8025

5.45% September 2012 £995 4% APR 90%
Our opinion: FIXED – The Post Office have returned to the 90% LTV market with this 2 year fixed product. The rate is 5.45% and the fee is £995, an early repayment charge applies until September 2012.
Tracker Mortgages

The Co-operative bank

4.29% November 2013 £499 4.4% APR 90%
Our opinion: TRACKER – The Co-operative Bank have released this 3-year tracker for those looking to borrow 90% of the property value. The rate is only 4.29% and the fee is £499. An early repayment charge applies until 30/11/2013.

HSBC Bank

4.49% Term £599 4.7% 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. There is a booking fee of £599 and no early repayment charge.

Newcastle BS

4.49% August 2012 £694 6% APR 90%
Our opinion: TRACKER – This product is available to first time buyers and home movers only with a current rate of 4.49%. The combined completion and reservation fee £694 and a 10% deposit is required. An early repayment charge is payable until 31/08/2012.

Santander

0800 032 4260

4.99% 2 Years £495 4.6% APR 90%
Our opinion: TRACKER – Santander are currently offering this 90% LTV product with a rate of only 4.99% for 2 years. The fee is £495 and an early repayment charge applies for 2 years.

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 Fees Overall Cost for Comparison Max Loan To Value Proceed
Discount & Variable Mortgages

Share to Buy

4.19% Term £0 4.4% APR 85%
Our opinion: VARIABLE - Highly competitive variable deal with no arrangement or valuation fees. What sets this deal apart is that it is not only a fee-free low rate deal, but there are no early repayment charges so you are never tied in. The minimum loan is £75,000 and is only available for joint applications by graduates.
Fixed Rate Mortgages

Post Office

0800 077 8025

3.94% September 2012 £995 3.7% APR 85%
Our opinion: FIXED – Currently the cheapest fixed rate for those with a 15% deposit. The fee is £995 and an early repayment charge applies for the fixed period until 30/09/2012.

Norwich & Peterborough BS

0844 854 1315

3.94% 3 Years £995 5.1% APR 85%
Our opinion: FIXED – Norwich & Peterborough have released a 3 year fixed rate of only 3.94%. 10% penalty free capital repayments allowed each year. An early repayment charge of 3% applies in the first 3 years.

Yorkshire BS

3.99% September 2012 £995 5% APR 85%
Our opinion: FIXED – One of the cheapest 85% loan to value product on the market, the rate is 3.99% and the fee is £995. An early repayment charge applies until 30/09/2012.

Lloyds TSB

4.99% September 2013 £994 4.6% 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 (to be held in a special Lend a Hand savings account and on which they will earn 3.75% interest) as additional security for the mortgage. The mortgage rate would be 4.99% for 3 years with a fee of £995.
Tracker Mortgages

The Co-operative bank

3.19% November 2013 £999 3.9% APR 85%
Our opinion: TRACKER – Currently the cheapest tracker rate on the market for an 85% loan to value. The booking and arrangement fee is £999 and an early repayment charge applies until 30/11/2013.

Yorkshire BS

3.49% September 2013 £495 4.9% APR 85%
Our opinion: TRACKER – A 2 year tracker with an 85% loan to value is available from the Yorkshire building society with a current rate of 3.49%. The fee is £495 and an early repayment charge applies until 30/09/2012.

first direct

3.99% Term £99 4.1% APR 85%
Our opinion: TRACKER – an 85% loan to value product is on offer from first direct with an excellent current rate of only 3.99%, which tracks the base rate by 3.49% for the term of the mortgage. The fee is only £99 and there is no early repayment charge.

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 Fees Overall Cost for Comparison Max Loan To Value Proceed
Fixed Rate Mortgages

Principality BS

4.79% August 2012 £999 5.2% APR 60%
Our opinion: FIXED - A 2 year fixed rate of only 4.79%. The arrangement fee is £999 and a 40% deposit is needed. An early repayment charge applies to August 2012.

Leeds BS

4.89% September 2012 £999 6.2% APR 60%
Our opinion: FIXED – A rate of only 4.89% is on offer from the Leeds building society, with a fee of £999. 10% capital repayments are allowed each year without penalty and an early repayment charge is payable until 30/09/2012.

Coventry BS

4.89% September 2012 £1749 5.1% APR 60%
Our opinion: FIXED – The Coventry building society are offering a 2 year fixed rate of 4.89%. Up to £680 of the valuation fee is paid and an early repayment charge of 4% is payable until 30/09/2012.

The Mortgage Works

4.99% September 2012 3.5% 5.6% APR 70%
Our opinion: FIXED – A 2 year fixed rate of 4.99% is on offer from The Mortgage Works. The loan to value is 70% although for first time landlords the LTV will be 65%. An early repayment charge is payable until 30/09/2012.
Tracker Mortgages

Principality BS

3.64% September 2012 3.5% 5.2% APR 60%
Our opinion: TRACKER – A short-term tracker product is being offered by the Principality with a rate of 3.64% for 2 years. The fee is 3.5% of the loan and you will need a deposit of 40%. An early repayment charge applies until 30/09/2012.

The Mortgage Works

3.89% September 2012 3.5% 5.3% APR 60%
Our opinion: TRACKER – A 2 year tracker product is being offered by The Mortgage Works with a rate of 3.89%. The fee is 3.5% of the loan with a minimum amount of £595. An early repayment charge applies until 30/09/2012.

Halifax

4.79% September 2012 2.5% 5.1% APR 75%
Our opinion: TRACKER – A 2 year base rate tracker product is on offer from the Halifax with a rate of 4.79%. The fee is 2.5% of the loan and a 25% deposit is needed. An early repayment charge applies until 30/09/2012.

NatWest

4.99% November 2012 £1999 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 30/11/2012.

Post Office

0800 077 8025

4.99% Term £1495 5.3% APR 75%
Our opinion: TRACKER – A term tracker product from the Post Office with a rate of 4.99%. The fee is £1,495 and a 25% deposit is needed. An early repayment charge applies for the first year.

Your home may be repossessed if you do not keep up repayments on your mortgage


Mortgages 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: The financial crisis has had a massive impact on the mortgage market: there are fewer loans available and lenders are more cautious about the amount they'll lend and who they'll offer mortgages to.

 

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.


Moneysupermarket.com Limited is an appointed representative of Moneysupermarket.com Financial Group Limited, which is authorised and regulated by the Financial Services Authority (FSA FRN 303190). Moneysupermarket.com Financial Group Limited, registered in England No. 3157344. Registered Office: moneysupermarket House, St. David's Park, Ewloe, CH5 3UZ. Telephone 01244 665700.


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