Mortgage Calculators


Mortgage calculator - How much can I borrow?

Enter your income to see how much you could borrow:

£
 *
£
Maximum Borrowing:
Please note:

The amount you can borrow will depend on a variety of things, including:
- the amount of deposit you have, and
- any outstanding commitments you may have (including credit card debt).

Mortgage repayment calculator - What will my repayments be?

Find out what your monthly mortgage repayments might be:

£
 *
 *
(%)
 *
(years)
Monthly Repayment:
Monthly Interest only:
Please note:

Interest only mortgage repayments are lower because you don't repay any of the capital owing. If you take out an interest only mortgage, you should consider an insurance or investment to ensure you are able to repay the capital at the end of the term.

This calcuator is based on how much you want to borrow and calculated against the initial rate.  It does not consider any repayments after the end of a deal period.  The calculation is for illustration purposes only and may vary according to your personal circumstances and the mortgage provider.


Mortgage Best Buys

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

Remortgage

Mortgages suitable for those remortgaging, ranked 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

Chelsea BS

 1.74% July 2015 £1545 5.2% APR 60%
Our opinion: FIXED – Chelsea BS are offering this market leading fixed rate at 1.74% until July 2015, the rate then reverts to the SVR, currently 5.79%, after the Fixed period. A deposit of 40% is required and the arrangement fee is £1,545. A £130 processing fee also applies. An Early Repayment Charge is payable until 31/07/2015.

NatWest

0800 096 8772

 1.74% October 2015 £1995 4% APR 60%
Our opinion: FIXED – NatWest are offering this fixed rate at 1.74% until October 2015, the rate then reverts to the SVR, currently 4.0%, after the fixed period. A deposit of 40% is required and the arrangement fee is £1995. An Early Repayment Charge is payable until 31/10/2015.

Chelsea BS

 1.99% July 2016 £1545 4.9% APR 60%
Our opinion: FIXED – Chelsea BS are offering this fixed rate at 1.99% until July 2016, the rate then reverts to the SVR, currently 5.79%, after the Fixed period. A deposit of 40% is required and the arrangement fee is £1,545. A £130 processing fee also applies. An Early Repayment Charge is payable until 31/07/2016.

HSBC

 2.49% August 2018 £1999 3.6% APR 60%
Our opinion: FIXED – HSBC are offering a 5 year fixed rate at 2.49% until August 2018, the rate then reverts to the SVR, currently 3.94%, after the Fixed period. A deposit of 40% is required and the arrangement fee is £1,999. An Early Repayment Charge is payable until 31/08/2018.Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Cheltenham & Gloucester

 1.89% August 2015 £2094 3.9% APR 60%
Our opinion: TRACKER - This variable mortgage charges 1.39% above base rate for 2 years, giving a current pay rate of 1.89%. The rate then reverts to the SVR, currently 3.99%, after the Tracker period. The fee is £2094 and a minimum deposit of 40% is required. There is an Early Repayment Charge payable until 31/08/2015.

Lloyds TSB

 2.09% August 2015 £2094 3.9% APR 60%
Our opinion: TRACKER - This variable mortgage charges 1.59% above base rate for 2 years, giving a current pay rate of 2.09%. The rate then reverts to the SVR, currently 3.99%, after the Tracker period. The fee is £2094 and a minimum deposit of 40% is required. There is an Early Repayment Charge payable until 31/08/2015. Available for Remortgages only.

NatWest

0800 096 8772

 2.19% October 2015 £995 3.8% APR 60%
Our opinion: TRACKER - This variable mortgage charges 1.69% above base rate for 2 years, giving a current pay rate of 2.19%. The rate then reverts to the SVR, currently 4.0%, after the Tracker period. The fee is £995 and a minimum deposit of 40% is required. There is an Early Repayment Charge payable until 31/10/2015.

Halifax

 2.19% August 2015 £995 3.8% APR 60%
Our opinion: TRACKER - This variable mortgage charges 1.69% above base rate for 2 years, giving a current pay rate of 2.19%. The rate then reverts to the SVR, currently 3.99%, after the Tracker period. The fee is £995 and a minimum deposit of 40% is required. There is an Early Repayment Charge payable until 31/08/2015. Available for Remortgages only.

HSBC

 1.75% 2 Years £1999 3.8% APR 60%
Our opinion: DISCOUNT – HSBC are offering this market leading Discount rate at 1.75% for 2 years, the rate then reverts to the SVR, currently 3.94%, after the Discount period. A deposit of 40% is required and the arrangement fee is £1,999. An Early Repayment Charge is payable for 2 years. Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Skipton BS

 2.18% 2 Years £995 5.3% APR 60%
Our opinion: DISCOUNT – Skipton BS have released this 2 year discount at 2.18%, the rate then reverts to the Base Rate plus 4.99%, currently 5.49%, after the Discount period. The arrangement fee is £995 and you will require a 40% deposit. An early repayment charge applies for 2 years.

Fixed

Mortgages with a fixed rate for an initial term, ranked 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

Chelsea BS

 1.74% July 2015 £1545 5.2% APR 60%
Our opinion: FIXED – Chelsea BS are offering this market leading fixed rate at 1.74% until July 2015, the rate then reverts to the SVR, currently 5.79%, after the Fixed period. A deposit of 40% is required and the arrangement fee is £1,545. A £130 processing fee also applies. An Early Repayment Charge is payable until 31/07/2015.

NatWest

0800 096 8772

 1.74% October 2015 £1995 4% APR 60%
Our opinion: FIXED – NatWest are offering this fixed rate at 1.74% until October 2015, the rate then reverts to the SVR, currently 4.0%, after the fixed period. A deposit of 40% is required and the arrangement fee is £1995. An Early Repayment Charge is payable until 31/10/2015.

Yorkshire BS

 1.79% June 2015 £1345 4.5% APR 60%
Our opinion: FIXED – Yorkshire BS are offering this fixed rate at 1.79% until June 2015, the rate then reverts to the SVR, currently 4.99%, after the fixed period. A deposit of 40% is required and the arrangement fee is £1345. A £130 processing fee also applies. An Early Repayment Charge is payable until 30/06/2015.

first direct

 1.89% 2 Years £1999 3.6% APR 65%
Our opinion: FIXED – first direct are offering this fixed rate at 1.89% for 2 years, the rate then reverts to the SVR, currently 3.69%, after the Fixed period. A deposit of 35% is required and the arrangement fee is £1999. An Early Repayment Charge is payable for 2 years. Winner of Moneysupermarket.com Supers award for Best Overall Financial Provider.

Chelsea BS

 1.99% July 2016 £1545 4.9% APR 60%
Our opinion: FIXED – Chelsea BS are offering this fixed rate at 1.99% until July 2016, the rate then reverts to the SVR, currently 5.79%, after the Fixed period. A deposit of 40% is required and the arrangement fee is £1,545. A £130 processing fee also applies. An Early Repayment Charge is payable until 31/07/2016.

first direct

 2.29% 3 Years £1999 3.5% APR 65%
Our opinion: FIXED – first direct are offering this fixed rate at 2.29% for 3 years, the rate then reverts to the SVR, currently 3.69%, after the Fixed period. A deposit of 35% is required and the arrangement fee is £1999. An Early Repayment Charge is payable for 3 years. Winner of Moneysupermarket.com Supers award for Best Overall Financial Provider.

Nationwide

 2.34% 3 Years £999 3.7% APR 60%
Our opinion: FIXED – Nationwide are offering this 3 year fixed rate at 2.34%, the rate then reverts to the SVR, currently 3.99%, after the Fixed period. A deposit of 40% is required and the arrangement fee is £999. An Early Repayment Charge is payable for 3 years.

first direct

 2.49% 5 Years £1999 3.4% APR 65%
Our opinion: FIXED – first direct are offering this fixed rate at 2.49% for 5 years, the rate then reverts to the SVR, currently 3.69%, after the Fixed period. A deposit of 35% is required and the arrangement fee is £1999. An Early Repayment Charge is payable for 5 years. Winner of Moneysupermarket.com Supers award for Best Overall Financial Provider.

HSBC

 2.49% August 2018 £1999 3.6% APR 60%
Our opinion: FIXED – HSBC are offering a 5 year fixed rate at 2.49% until August 2018, the rate then reverts to the SVR, currently 3.94%, after the Fixed period. A deposit of 40% is required and the arrangement fee is £1,999. An Early Repayment Charge is payable until 31/08/2018.Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Santander

 3.94% July 2023 £995 4.3% APR 60%
Our opinion: FIXED – Santander are offering this low 10 Year Fixed rate at 3.94% until July 2023, the rate then reverts to the SVR, currently 4.74%, after the Fixed period. A deposit of 40% is required and the arrangement fee is £995. An Early Repayment Charge is payable until 02/07/2023.

Trackers & Variable

Mortgages where the rate either tracks the Bank of England base rate or lender base rate and mortgages that are discounts off the lenders SVR, ranked on lowest payrate. Where a providers 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

 1.75% 2 Years £1999 3.8% APR 60%
Our opinion: DISCOUNT – HSBC are offering this market leading Discount rate at 1.75% for 2 years, the rate then reverts to the SVR, currently 3.94%, after the Discount period. A deposit of 40% is required and the arrangement fee is £1,999. An Early Repayment Charge is payable for 2 years. Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Skipton BS

 2.18% 2 Years £995 5.3% APR 60%
Our opinion: DISCOUNT – Skipton BS have released this 2 year discount at 2.18%, the rate then reverts to the Base Rate plus 4.99%, currently 5.49%, after the Discount period. The arrangement fee is £995 and you will require a 40% deposit. An early repayment charge applies for 2 years.
Tracker Mortgages

Cheltenham & Gloucester

 1.89% August 2015 £2094 3.9% APR 60%
Our opinion: TRACKER - This variable mortgage charges 1.39% above base rate for 2 years, giving a current pay rate of 1.89%. The rate then reverts to the SVR, currently 3.99%, after the Tracker period. The fee is £2094 and a minimum deposit of 40% is required. There is an Early Repayment Charge payable until 31/08/2015.

Lloyds TSB

 2.09% August 2015 £2094 3.9% APR 60%
Our opinion: TRACKER - This variable mortgage charges 1.59% above base rate for 2 years, giving a current pay rate of 2.09%. The rate then reverts to the SVR, currently 3.99%, after the Tracker period. The fee is £2094 and a minimum deposit of 40% is required. There is an Early Repayment Charge payable until 31/08/2015. Available for Remortgages only.

NatWest

0800 096 8772

 2.19% October 2015 £995 3.8% APR 60%
Our opinion: TRACKER - This variable mortgage charges 1.69% above base rate for 2 years, giving a current pay rate of 2.19%. The rate then reverts to the SVR, currently 4.0%, after the Tracker period. The fee is £995 and a minimum deposit of 40% is required. There is an Early Repayment Charge payable until 31/10/2015.

Halifax

 2.19% August 2015 £995 3.8% APR 60%
Our opinion: TRACKER - This variable mortgage charges 1.69% above base rate for 2 years, giving a current pay rate of 2.19%. The rate then reverts to the SVR, currently 3.99%, after the Tracker period. The fee is £995 and a minimum deposit of 40% is required. There is an Early Repayment Charge payable until 31/08/2015. Available for Remortgages only.

Yorkshire BS

 2.24% June 2015 £845 4.6% APR 75%
Our opinion: TRACKER – Yorkshire BS are offering a variable mortgage that charges 1.74% above the Bank of England base rate, giving a current pay rate of 2.24%. The rate reverts to the SVR, currently 4.99%, at the end of the tracker rate period. The fees payable are £845, a £130 processing fee also applies, and a minimum deposit of 25% is required. An early repayment charge is payable until 30/06/2015.

Nationwide BS

 2.24% 2 Years £999 3.8% APR 60%
Our opinion: TRACKER - This variable mortgage charges 1.74% above base rate for 2 years, giving a current pay rate of 2.24%. The rate then reverts to the SVR, currently 3.99%, after the Tracker period. The fee is £999 and a minimum deposit of 40% is required. There is an Early Repayment Charge payable for 2 years.

first direct

 2.28% Term £1999 2.4% APR 65%
Our opinion: TRACKER - This variable mortgage charges 1.78% above base rate for the term of the mortgage, giving a current pay rate of 2.28%. The fee is £1,999 and a minimum deposit of 35% is required. There is no Early Repayment Charge on this product. Winner of Moneysupermarket.com Supers award for Best Overall Financial Provider.

HSBC

 2.28% Term £1999 2.4% APR 60%
Our opinion: TRACKER - This variable mortgage charges 1.78% above base rate for the term of the mortgage, giving a current pay rate of 2.28%. The fee is £1,999 and a minimum deposit of 40% is required. There is no Early Repayment Charge on this product. Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Fees Free

Mortgages with no booking or arrangement fees to pay, ranked on lowest payrate. Where 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

HSBC

 2.59% August 2015 £0 3.8% APR 60%
Our opinion: FIXED – HSBC are offering a 2 year fixed rate at 2.59% until August 2015, the rate then reverts to the SVR, currently 3.94%, after the Fixed period. A deposit of 40% is required and there is no arrangement fee payable. An Early Repayment Charge is payable until 31/08/2015.Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Virgin Money

 2.74% August 2015 £0 4.5% APR 60%
Our opinion: FIXED – Virgin Money are offering this 2 year fixed rate at 2.74%. The rate then reverts to the SVR, currently 4.79% for 5 years, this is then followed by a 0.25% discount off the SVR, giving a rate of 4.54%, for the Term of the mortgage. A deposit of 40% is required. There is no product fee and an early repayment charge is payable until 01/08/2015.

NatWest

0800 096 8772

 2.75% October 2015 £0 3.9% APR 60%
Our opinion: FIXED – NatWest are offering this 2 year fixed rate at 2.75%, the rate then reverts to the SVR, currently 4.0%, after the Fixed period. A deposit of 40% is required. There is no product fee and an early repayment charge is payable until 31/10/2015.

first direct

 2.99% 5 Years £0 3.5% APR 65%
Our opinion: FIXED – first direct are offering this 5 year fixed rate at 2.99%, the rate then reverts to the SVR, currently 3.69%, after the Fixed period. There is no arrangement fee payable and a 35% deposit is needed. An early repayment charge is payable for 5 years. Winner of Moneysupermarket.com Supers award for Best Overall Financial Provider.

Post Office

0800 1701 232

 3.15% May 2018 £0 4% APR 60%
Our opinion: FIXED – Post Office are offering this 5 year fixed rate at 3.15%, the rate then reverts to the Base Rate plus 3.99%, currently 4.49%, after the Fixed period. There is no arrangement fee payable and a 40% deposit is required. An early repayment charge is payable until 31/05/2018. Winner of Best Fixed Rate Mortgage Provider at the What Mortgage Awards 2012.
Tracker Mortgages

Cheltenham & Gloucester

 2.59% August 2015 £0 3.8% APR 60%
Our opinion: TRACKER -This variable mortgage charges 2.09% above base rate for two years, giving a current pay rate of 2.59%. The rate then reverts to the SVR, currently 3.99%, after the Tracker period. There is no product fee payable and a minimum deposit of 40% is required. There is an early repayment charge payable until 31/08/2015. Available for Remortgage only.

HSBC

 2.69% Term £0 2.7% APR 60%
Our opinion: TRACKER -This variable mortgage charges 2.19% above base rate for the term of the mortgage, giving a current pay rate of 2.69%. The rate then reverts to the SVR, currently 3.94%, after the Tracker period. There is no arrangement fee payable and a minimum deposit of 40% is required. There is no early repayment charge payable. Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Halifax

 2.69% August 2015 £0 3.8% APR 60%
Our opinion: TRACKER -This variable mortgage charges 2.19% above base rate for two years, giving a current pay rate of 2.69%. The rate then reverts to the SVR, currently 3.99%, after the Tracker period. There is no arrangement fee payable and a minimum deposit of 40% is required. There is an early repayment charge payable until 31/08/2015. Available for remortgages only.

NatWest

0800 096 8772

 2.69% October 2015 £0 3.9% APR 60%
Our opinion: TRACKER -This variable mortgage charges 2.19% above base rate for two years, giving a current pay rate of 2.69%. The rate then reverts to the SVR, currently 4.0%, after the Tracker period. There is no product fee payable and a minimum deposit of 40% is required. There is an early repayment charge payable until 31/10/2015.

Virgin Money

 2.84% August 2015 £0 4.5% APR 70%
Our opinion: TRACKER -This variable mortgage charges 2.34% above base rate for two years, giving a current pay rate of 2.84%. The rate then reverts to the SVR, currently 4.79% for 5 years, this is then followed by a 0.25% discount off the SVR, giving a rate of 4.54%, for the Term of the mortgage. There is no arrangement fee payable and a minimum deposit of 30% is required. There is an early repayment charge payable until 01/08/2015.

FTB/Low Deposit

Mortgages suitable for those with a deposit of 10% or more, ranked 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

 3.74% 2 Years £999 4.1% APR 90%
Our opinion: DISCOUNT – HSBC are offering this Discount rate at 3.74% for 2 years, the rate then reverts to the SVR, currently 3.94%, after the Discount period. A deposit of 10% is required and the arrangement fee is £999. An Early Repayment Charge is payable for 2 years. Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Hinckley & Rugby BS

 3.95% 2 Years £990 5.4% APR 90%
Our opinion: DISCOUNT – Hinckley & Rugby BS are offering this Discount rate at 3.95% for 2 years, the rate then reverts to the SVR, currently 5.64%, after the Discount period. A deposit of 10% is required and the product fee is £990. There is no Early Repayment Charge payable.
Fixed Rate Mortgages

Chelsea BS

 3.59% July 2015 £1545 5.5% APR 90%
Our opinion: FIXED – Chelsea BS are offering this 2 year fixed rate at 3.59%, the rate then reverts to the SVR, currently 5.79%, after the Fixed period. The fee is £1545, a £130 processing fee also applies, and a 10% deposit is required. An early repayment charge is payable until 31/07/2015.

Yorkshire BS

 3.64% June 2015 £845 4.9% APR 90%
Our opinion: FIXED – Yorkshire BS are offering this fixed rate at 3.64% for 2 years, the rate then reverts to the SVR, currently 4.99%, after the Fixed period. A deposit of only 10% is required and the arrangement fee is £845, a £130 processing fee also applies. An Early Repayment Charge is payable until 30/06/2015.

HSBC

 3.64% August 2015 £999 4% APR 90%
Our opinion: FIXED – HSBC are offering a 2 year fixed rate at 3.64% until August 2015, the rate then reverts to the SVR, currently 3.94%, after the Fixed period. A deposit of 10% is required and the arrangement fee is £999. An Early Repayment Charge is payable until 31/08/2015.Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

first direct

 4.19% 5 Years £1499 4.1% APR 90%
Our opinion: FIXED – first direct are offering this fixed rate at 4.19% for 5 years, the rate then reverts to the SVR, currently 3.69%, after the Fixed period. A deposit of only 10% is required and there is a £1,499 product fee payable. An Early Repayment Charge is payable for 5 years. Winner of Moneysupermarket.com Supers award for Best Overall Financial Provider.

Hanley Economic BS

 4.2% April 2018 £0 5% APR 90%
Our opinion: FIXED – Hanley Economic BS are offering this fixed rate at 4.20% for 5 years, the rate then reverts to the SVR, currently 5.19%, after the Fixed period. A deposit of only 10% is required and there is no arrangement fee payable. An Early Repayment Charge is payable until 30/04/2018.
Tracker Mortgages

first direct

 3.99% Term £999 4.1% APR 90%
Our opinion: TRACKER -This variable mortgage charges 3.49% above base rate for the term of the mortgage, giving a current pay rate of 3.99%. There is a £999 arrangement fee payable and a minimum deposit of only 10% is required. There is no early repayment charge. Winner of Moneysupermarket.com Supers award for Best Overall Financial Provider.

Skipton BS

 4.09% 2 Years £995 5.6% APR 90%
Our opinion: TRACKER -This variable mortgage charges 3.59% above base rate for 2 years, giving a current pay rate of 4.09%. The rate then reverts to the Base Rate plus 4.99%, giving a current pay rate of 5.49%, after the Tracker period. There is a £995 product fee payable and a minimum deposit of only 10% is required. An early repayment charge applies for 2 years.

HSBC

 4.39% Term £899 4.6% APR 90%
Our opinion: TRACKER -This variable mortgage charges 3.89% above base rate for the term of the mortgage, giving a current pay rate of 4.39%. The arrangement fee is £899 and a minimum deposit of only 10% is required. There is no Early Repayment Charge payable. Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Offset

Mortgages with an offset facility attached, ranked 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

Beverley BS

 2.39% 2 Years £1195 4.5% APR 75%
Our opinion: DISCOUNT – Beverley BS are offering a 2 year discount product at a rate of 2.39%, the rate then reverts to the SVR, currently 4.75%, after the Discount period. The arrangement fee is £1195 and you will require a deposit of 25%, an early repayment charge is payable for 2 years.

Melton Mowbray BS

 2.49% 3 Years £798 4.4% APR 65%
Our opinion: DISCOUNT – Melton Mowbray BS are offering a 3 year discount product at a rate of 2.49%, the rate then reverts to the SVR, currently 4.99%, after the Discount period. The arrangement fee is £798 and you will require a deposit of 35%, an early repayment charge is payable for 1 year.
Fixed Rate Mortgages

Chelsea BS

 1.94% July 2015 £1545 5.2% APR 60%
Our opinion: FIXED – Chelsea BS are offering a 2 year fixed product at a rate of 1.94%, the rate then reverts to the SVR, currently 5.79%, after the Fixed period. The arrangement fee is £1545 and a £130 processing fee also applies. You will require a deposit of 40% and an early repayment charge is payable until 31/07/2015.

Yorkshire BS

 1.99% June 2015 £1345 4.6% APR 60%
Our opinion: FIXED – Yorkshire BS are offering a 2 year fixed rate at 1.99%, the rate then reverts to the SVR, currently 4.99%, after the Fixed period. The arrangement fee is £1345 and a £130 processing fee also applies. You will require a deposit of 40% and an early repayment charge is payable until 30/06/2015.

first direct

 2.69% 3 Years £1999 3.7% APR 65%
Our opinion: FIXED – first direct are offering this 3 year fixed product at a rate of 2.69%, the rate then reverts to the SVR, currently 3.69%, after the Fixed period. You will require a deposit of 35% and an early repayment charge applies for 3 years. Winner of Moneysupermarket.com Supers award for Best Overall Financial Provider.

Norwich & Peterborough BS

 2.74% 2 Years £795 4.7% APR 75%
Our opinion: FIXED – For those with a 25% deposit, Norwich & Peterborough BS are offering a 2-year rate at 2.74%. The rate then reverts to the SVR, currently 4.99% after the Fixed period. The arrangement fee is £795 and there is an early repayment charge payable for 2 years.
Tracker Mortgages

Yorkshire BS

 2.44% June 2015 £845 4.6% APR 75%
Our opinion: TRACKER -This variable mortgage charges 1.94% above base rate for 2 years, giving a current pay rate of 2.44%. The rate then reverts to the SVR, currently 4.99%, after the Tracker period. The arrangement fee is £845, a £130 processing fee also applies, and a minimum deposit of 25% is required. There is an Early Repayment Charge payable until 30/06/2015.

first direct

 2.59% 2 Years £1499 3.7% APR 65%
Our opinion: TRACKER -This variable mortgage charges 2.09% above base rate for two years, giving a current pay rate of 2.59%. The rate then reverts to the SVR, currently 3.69%, after the Tracker period. The arrangement fee is £1499 and a minimum deposit of 35% is required. There is no Early Repayment Charge payable on this product. Winner of Moneysupermarket.com Supers award for Best Overall Financial Provider

Chelsea BS

 2.69% July 2015 £745 5.4% APR 75%
Our opinion: TRACKER– This variable mortgage charges 2.29% above base rate for 2 years, giving a current pay rate of 2.79%. The rate then reverts to the SVR, currently 5.79%, after the Tracker period. The fee is £745, a £130 processing fee also applies, and a 25% deposit is required. An early repayment charge is payable until 31/07/2015.

Norwich & Peterborough BS

 2.69% 2 Years £795 4.7% APR 75%
Our opinion: TRACKER -This variable mortgage charges 2.19% above base rate for 2 years, giving a current pay rate of 2.69%. The rate then reverts to the SVR, currently 4.99%, after the Tracker period. The arrangement fee is £795 and a minimum deposit of 25% is required. There is an Early Repayment Charge payable for 2 years.

Buy to Let

Mortgages suitable for those with a 40% deposit who are looking for a buy to let mortgage, ranked 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

The Mortgage Works

 2.74% August 2015 3.5% 5.1% APR 65%
Our opinion: FIXED – A fixed rate product is being offered by The Mortgage Works at a rate of 2.74% until August 2015, the rate then reverts to the SVR, currently 4.99%, after the Fixed period. The fee is 3.5% and you will need a deposit of 35%. An early repayment charge is payable until 31/08/2015.

Coventry BS

 3.19% April 2015 £1999 4.7% APR 65%
Our opinion: FIXED – Coventry BS have released this 2 year fixed rate at 3.19%, the rate then reverts to the SVR, currently 4.74%, after the Fixed period. The fee is £1999 and you will need a 35% deposit to qualify. There is an Early Repayment Charge payable until 30/04/2015.

Virgin Money

 3.39% August 2015 2.5% 4.9% APR 60%
Our opinion: FIXED – Virgin Money have released this 2 year fixed rate at 3.39%, the rate then reverts to the SVR, currently 4.79%, after the Fixed period. The fee is 2.5% and you will need a 40% deposit to qualify. There is an Early Repayment Charge payable until 01/08/2015.

Mansfield BS

 3.43% 2 Years 2% 5.6% APR 70%
Our opinion: FIXED – Mansfield BS have released this 2 year fixed rate at 3.43%, the rate then reverts to the SVR, currently 5.59%, after the Fixed period. The fee is 2% and there is also a £199 booking fee payable, and you will need a 30% deposit to qualify. There is an Early Repayment Charge payable for 2 years.

Market Harborough BS

 3.45% March 2015 3% 5.4% APR 70%
Our opinion: FIXED – A 2 year fixed rate product is being offered by Market Harborough BS at a rate of 3.45%. The rate then reverts to the SVR, currently 5.49%, after the Fixed period. The fee is 3% of the loan plus a £95 booking fee and an early repayment charge is payable until 31/03/2015.
Tracker Mortgages

Virgin Money

 3.39% August 2015 2.5% 4.9% APR 60%
Our opinion: TRACKER -This variable mortgage charges 2.89% above base rate for 2 years, giving a current pay rate of 3.39%. The rate then reverts to the SVR, currently 4.79%, after the Tracker period. The arrangement fee is 2.5%, a minimum deposit of 40% is required and an Early Repayment Charge is payable until 01/08/2015. Cashback available.

Principality BS

 3.49% June 2015 £999 5% APR 60%
Our opinion: TRACKER -This variable mortgage charges 2.99% above base rate for 2 years, giving a current pay rate of 3.49%, the rate then reverts to the SVR, currently 4.99%, after the tracker period. The arrangement fee is £999, a minimum deposit of 40% is required and an Early Repayment Charge is payable until 30/06/2015.

Woolwich (Barclays)

0845 677 9990

 3.49% 2 Years £1999 5.1% APR 60%
Our opinion: TRACKER -This variable mortgage charges 2.99% above base rate for 2 years, giving a current pay rate of 3.49%. The rate then reverts to the Base Rate plus 4.49%, giving a payrate of 4.99%, after the Tracker period. The arrangement fee is £1999, a minimum deposit of 40% is required and an Early Repayment Charge is payable for 2 years.

Halifax

 3.69% August 2015 £995 5% APR 60%
Our opinion: TRACKER -This variable mortgage charges 3.19% above base rate for 2 years, giving a current pay rate of 3.69%. The rate then reverts to the Base Rate plus 4.34%, giving a payrate of 4.84%. There is a £995 arrangement fee payable, a minimum deposit of 40% is required and an Early Repayment Charge is payable until 31/08/2015.

Lloyds TSB

 3.69% August 2015 £1094 4.9% APR 60%
Our opinion: TRACKER -This variable mortgage charges 3.19% above base rate for 2 years, giving a current pay rate of 3.69%. The rate then reverts to the Base Rate plus 4.34%, giving a payrate of 4.84%. There is a £1094 arrangement fee payable, a minimum deposit of 40% is required and an Early Repayment Charge is payable until 31/08/2015.

Advertisements

Why would you use a mortgage calculator?


Mortgage calculators are useful guidance tools which give you an idea of either: how much you will be allowed to lend, based on your earnings, or how much your mortgage repayments will be, based on the amount borrowed, the interest rate and term of the mortgage.


Here at MoneySupermarket we have two types of mortgage calculator. The borrowing mortgage calculator will tell you know how much money you will be able to borrow to buy your new property. The mortgage repayment calculator tells you how much you will need to repay on a monthly basis.


Our mortgage calculators can give you an indication of what you can afford to borrow and what your monthly repayments will be, but you should remember that these only offer an indication, as different lenders have different ways of assessing what you can borrow and how you make repayments.


What information you'll need to use our mortgage calculators


To use our borrowing mortgage calculator, all you will need is your current income and the income of your partner - if you're planning on buying a property as a couple.


When you enter your yearly income and hit calculate, it will return an estimate of the maximum amount you will be able to borrow. For example, if your income is £20,000 and your partner's income is £20,000, you should be able to borrow around £120,000.


Our mortgage repayment calculator is different, and to make sure the answer returned is realistic you need to need to ensure you enter accurate information.

To use our mortgage repayment calculator you will need to know the loan amount you require, the interest rate you will be borrowing at and how long you want to take out your mortgage for.


For example, if you entered a loan amount of £100,000 at an interest rate of 5% over a 25 year term, then your monthly repayment amount will be roughly £584.59.


What else do you need to remember?


When working out your mortgage payments using our mortgage calculator, you should also factor in arrangement fees, as the initial set-up costs can vary significantly from lender to lender. See our mortgage channel to find the best possible rate available for you.