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

NatWest

 2.69% July 2014 £999 4% APR 60%
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 4.0%, after the Tracker period. The fee is £999 and a 40% deposit is required. An early repayment charge is payable until 31/07/2014. Available for purchases only.

Chelsea BS

 2.94% August 2014 £1495 5.4% APR 70%
Our opinion: TRACKER– This variable mortgage charges 2.44% above base rate until August 2014, giving a current pay rate of 2.94%. The rate then reverts to the SVR, currently 5.79% after the Tracker period. The fee £1,495 and a 30% deposit is required. An early repayment charge is payable until 31/08/2014.

Santander

 2.94% 2 Years £995 4.2% APR 60%
Our opinion: TRACKER -This variable mortgage charges 2.44% above base rate for two years, giving a current pay rate of 2.94%. The rate then reverts to the SVR, currently 4.24%, after the Tracker period. The arrangement fee is £995 and a minimum deposit of 40% is required. An early repayment charge is payable for 2 years.

HSBC

 2.99% Term £599 3.1% APR 70%
Our opinion: TRACKER - This variable mortgage charges 2.49% above base rate for the term of the mortgage, giving a current pay rate of 2.99%. The fee is £599 and a minimum deposit of 30% is required. There is no Early Repayment Charge on this product. Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Post Office

 3.09% June 2014 £995 4.4% APR 75%
Our opinion: TRACKER - This variable mortgage charges 2.59% above base rate for 2 years, giving a current pay rate of 3.09%. The rate then reverts to the Bank of England base rate + 3.99%, giving a rate of 4.49%, after the Tracker period. There is a £995 arrangement fee and a minimum deposit of 25% is required. There is an Early Repayment Charge payable until 30/06/2014.

Leeds BS

 2.59% 2 Years £999 5.4% APR 75%
Our opinion: DISCOUNT – Leeds BS have released this 2 year discount at only 2.59%, the rate then reverts to the SVR, currently 5.69%, after the Discount period. The arrangement fee is £999 and you will require a 25% deposit. An early repayment charge applies for 2 years.

Loughborough BS

 2.89% 2 Years £495 4.9% APR 80%
Our opinion: DISCOUNT – Loughborough BS have released this 2 year discount at 2.89%, the rate then reverts to the SVR, currently 4.99%, after the Discount period. The arrangement fee is £495 and you will require a 20% deposit. An early repayment charge applies for 2 years.

HSBC

 2.64% September 2014 £1999 3.9% APR 60%
Our opinion: FIXED – HSBC are offering this low 2 year fixed rate at only 2.64%, the rate then reverts to the SVR, currently 3.94%, after the Fixed period. The fee is £1999 and a 40% deposit is needed. An early repayment charge is payable until 30/09/2014. Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Leeds BS

 3.25% August 2015 £999 5.3% APR 75%
Our opinion: FIXED – Leeds BS are offering this 3 year fixed rate at 3.25%, the rate then reverts to the SVR, currently 5.69%, after the Fixed period. A deposit of 25% is required. An early repayment charge is payable until 31/08/2015. You must take out the providers home insurance to qualify for this rate.

Yorkshire Bank

 3.79% July 2017 £999 4.7% APR 65%
Our opinion: FIXED – Yorkshire Bank are offering this 5 year fixed rate at 3.79%, the rate then reverts to the SVR, currently 4.95%, after the Fixed period. A deposit of 35% is required. An early repayment charge is payable until 31/07/2017.

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

HSBC

 2.64% September 2014 £1999 3.9% APR 60%
Our opinion: FIXED – HSBC are offering this low 2 year fixed rate at only 2.64%, the rate then reverts to the SVR, currently 3.94%, after the Fixed period. The fee is £1999 and a 40% deposit is needed. An early repayment charge is payable until 30/09/2014. Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Cumberland BS

 2.99% August 2014 £699 4.4% APR 60%
Our opinion: FIXED – Cumberland BS are offering this 2 year fixed rate at 2.99%, the rate then reverts to the SVR, currently 4.49%, after the Fixed period. The fee is £699 and a 40% deposit is needed. An early repayment charge applies until 01/08/2014. Available for purchases only.

NatWest

 2.99% July 2014 £999 4.1% APR 60%
Our opinion: FIXED – NatWest are offering this 2 year fixed rate at 2.99%, the rate then reverts to the SVR, currently 4.0%, after the Fixed period. A deposit of 40% is required. An early repayment charge is payable until 31/07/2014. Available for purchases only.

Leeds BS

 3.25% August 2015 £999 5.3% APR 75%
Our opinion: FIXED – Leeds BS are offering this 3 year fixed rate at 3.25%, the rate then reverts to the SVR, currently 5.69%, after the Fixed period. A deposit of 25% is required. An early repayment charge is payable until 31/08/2015. You must take out the providers home insurance to qualify for this rate.

Chelsea BS

 3.64% August 2015 £1695 5.4% APR 70%
Our opinion: FIXED – Chelsea BS are offering this 3 year fixed rate at 3.64%, the rate then reverts to the SVR, currently 5.79%, after the Fixed period. The fee is £1695 and a 30% deposit is required. An early repayment charge is payable until 31/08/2015.

Post Office

 3.69% June 2015 £995 4.4% APR 80%
Our opinion: FIXED – Post Office are offering this 3 year fixed rate at 3.69%. The rate then reverts to the Bank of England base rate + 3.99%, giving a rate of 4.49%, after the Fixed period. The fee is £995 and a 20% deposit is needed. An early repayment charge is payable until 30/06/2015.

Yorkshire Bank

 3.79% July 2017 £999 4.7% APR 65%
Our opinion: FIXED – Yorkshire Bank are offering this 5 year fixed rate at 3.79%, the rate then reverts to the SVR, currently 4.95%, after the Fixed period. A deposit of 35% is required. An early repayment charge is payable until 31/07/2017.

Cumberland BS

 3.84% July 2017 £699 4.4% APR 60%
Our opinion: FIXED – Cumberland BS are offering this 5 year fixed rate at 3.84%, the rate then reverts to the SVR, currently 4.49 after the Fixed period. The fee is £699 and a 40% deposit is required. An early repayment charge is payable until 01/07/2017.

Nationwide BS

 3.89% 5 Years £549 4.1% APR 70%
Our opinion: FIXED – Nationwide BS are offering this 5 year fixed rate at 3.89%, the rate then reverts to the SVR, currently 3.99%, after the Fixed period. A deposit of 30% is required. An early repayment charge is payable for the first 5 years.

Santander

 3.89% August 2017 £995 4.4% APR 60%
Our opinion: FIXED – Santander are offering this 5 year fixed rate at 3.89%, the rate then reverts to the SVR, currently 4.24%, after the Fixed period. A deposit of 40% is required. An early repayment charge is payable until 02/08/2017.

Trackers & Discounted

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

Leeds BS

 2.59% 2 Years £999 5.4% APR 75%
Our opinion: DISCOUNT – Leeds BS have released this 2 year discount at only 2.59%, the rate then reverts to the SVR, currently 5.69%, after the Discount period. The arrangement fee is £999 and you will require a 25% deposit. An early repayment charge applies for 2 years.

Loughborough BS

 2.89% 2 Years £495 4.9% APR 80%
Our opinion: DISCOUNT – Loughborough BS have released this 2 year discount at 2.89%, the rate then reverts to the SVR, currently 4.99%, after the Discount period. The arrangement fee is £495 and you will require a 20% deposit. An early repayment charge applies for 2 years.
Tracker Mortgages

NatWest

 2.69% July 2014 £999 4% APR 60%
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 4.0%, after the Tracker period. The fee is £999 and a 40% deposit is required. An early repayment charge is payable until 31/07/2014. Available for purchases only.

Chelsea BS

 2.94% August 2014 £1495 5.4% APR 70%
Our opinion: TRACKER– This variable mortgage charges 2.44% above base rate until August 2014, giving a current pay rate of 2.94%. The rate then reverts to the SVR, currently 5.79% after the Tracker period. The fee £1,495 and a 30% deposit is required. An early repayment charge is payable until 31/08/2014.

Santander

 2.94% 2 Years £995 4.2% APR 60%
Our opinion: TRACKER -This variable mortgage charges 2.44% above base rate for two years, giving a current pay rate of 2.94%. The rate then reverts to the SVR, currently 4.24%, after the Tracker period. The arrangement fee is £995 and a minimum deposit of 40% is required. An early repayment charge is payable for 2 years.

HSBC

 2.99% Term £599 3.1% APR 70%
Our opinion: TRACKER - This variable mortgage charges 2.49% above base rate for the term of the mortgage, giving a current pay rate of 2.99%. The fee is £599 and a minimum deposit of 30% is required. There is no Early Repayment Charge on this product. Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Post Office

 3.09% June 2014 £995 4.4% APR 75%
Our opinion: TRACKER - This variable mortgage charges 2.59% above base rate for 2 years, giving a current pay rate of 3.09%. The rate then reverts to the Bank of England base rate + 3.99%, giving a rate of 4.49%, after the Tracker period. There is a £995 arrangement fee and a minimum deposit of 25% is required. There is an Early Repayment Charge payable until 30/06/2014.

Yorkshire BS

 3.09% September 2014 £995 4.8% APR 75%
Our opinion: TRACKER - This variable mortgage charges 2.59% above base rate for 2 years, giving a current pay rate of 3.09%. The rate then reverts to the SVR, currently 4.99%, after the Tracker period. The arrangement fee is £995 and a minimum deposit of 25% is required. There is an Early Repayment Charge payable until 30/09/2014.

Norwich & Peterborough BS

 3.14% 2 Years £795 4.8% APR 75%
Our opinion: TRACKER - This variable mortgage charges 2.64% above base rate for 2 years, giving a current pay rate of 3.14%. The rate then reverts to the SVR, currently 4.99% after the Tracker period. There is a £795 arrangement fee and a minimum deposit of 25% is required. An early repayment charge is payable for 2 years.

first direct

 3.29% Term £499 3.4% APR 65%
Our opinion: TRACKER - This variable mortgage charges 2.79% above base rate for the term of the mortgage, giving a current pay rate of 3.29%. The fee is £499 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.

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

NatWest

 3.35% July 2014 £0 4% APR 60%
Our opinion: FIXED – NatWest are offering this 2 year fixed rate at 3.35%, the rate then reverts to the SVR, currently 4.0%, after the Fixed period. A deposit of 40% is required. There is no arrangement fee and an early repayment charge is payable until 31/07/2014. This product is available for remortgages only.

Santander

 3.49% August 2014 £0 4.2% APR 60%
Our opinion: FIXED – Santander are offering this 2 year fixed rate at 3.49%, the rate then reverts to the SVR, currently 4.24%, after the Fixed period. There is no arrangement fee payable and a 40% deposit is required. An early repayment charge is payable until 02/08/2014. Available for purchases only.

HSBC

 3.59% September 2014 £0 4% APR 70%
Our opinion: FIXED – HSBC are offering this 2 year fixed rate at 3.59%, the rate then reverts to the SVR, currently 3.94%, after the Fixed period. There is no arrangement fee payable and a 30% deposit is required. An early repayment charge is payable until 30/09/2014.

Britannia

 3.69% August 2014 £0 4.7% APR 60%
Our opinion: FIXED – Britannia are offering this 2 year fixed rate at 3.69%, the rate then reverts to the SVR, currently 4.74%, after the Fixed period. There is no arrangement fee payable and a 40% deposit is required. An early repayment charge is payable until 31/08/2014.

first direct

 3.79% 2 Years £0 3.8% APR 65%
Our opinion: FIXED – first direct are offering this 2 year fixed rate at 3.79%, 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 2 years. Winner of Moneysupermarket.com Supers award for Best Overall Financial Provider.
Tracker Mortgages

HSBC

 3.29% Term £0 3.3% APR 70%
Our opinion: TRACKER -This variable mortgage charges 2.79% above base rate for the term of the mortgage, giving a current pay rate of 3.29%. 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 30% is required. There is no early repayment charge payable. Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Santander

 3.44% 2 Years £0 4.2% APR 60%
Our opinion: TRACKER -This variable mortgage charges 2.94% above base rate for two years, giving a current pay rate of 3.44%. The rate then reverts to the SVR, currently 4.24%, 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 for 2 years.

NatWest

 3.55% July 2014 £0 4% APR 75%
Our opinion: TRACKER -This variable mortgage charges 3.05% above base rate for two years, giving a current pay rate of 3.55%. The rate then reverts to the SVR, currently 4.0%, after the Tracker period. There is no arrangement fee payable and a minimum deposit of 25% is required. There is an early repayment charge payable until 31/07/2014. This product is available for remortgages only.

first direct

 3.59% Term £0 3.7% APR 65%
Our opinion: TRACKER -This variable mortgage charges 3.09% above base rate for the term of the mortgage, giving a current pay rate of 3.59%. The rate then reverts to the SVR, currently 3.69%, after the Tracker period. There is no arrangement fee payable and a minimum deposit of 35% is required. No early repayment charge is payable. Winner of Moneysupermarket.com Supers award for Best Overall Financial Provider.

Northern Rock

 3.75% July 2014 £0 4.6% APR 70%
Our opinion: TRACKER -This variable mortgage charges 3.25% above base rate for 2 years, giving a current pay rate of 3.75%. The rate is followed by the SVR for 5 years, currently 4.79% and then by a 0.25% discount off the SVR 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 01/07/2014.

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

Share to Buy

Graduates only. Joint applicants only

 3.79% Term £0 3.9% APR 90%
Our opinion: DISCOUNT – FOR JOINT APPLICATIONS BY GRADUATES ONLY. Competitive discount 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. The minimum loan is £75,000 and the rate reverts to the SVR, currently 4.24%, after the Discount period.

HSBC

 3.84% 2 Years £0 4% APR 90%
Our opinion: DISCOUNT – HSBC are offering this low 2 year discount rate at 3.84%, the rate reverts to the SVR, currently 3.94%, after the Discount period. There is no arrangement fee and a minimum deposit of only 10% is required. An Early Repayment Charge is payable. Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.
Fixed Rate Mortgages

Lloyds TSB

 4.19% August 2015 £1094 4.4% APR 95%
Our opinion: FIXED - Lloyds TSB are offering this Lend a Hand product exclusive for first time buyers. Buyers 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 3.70% interest) as additional security for the mortgage. The rate reverts to the SVR, currently 3.99%, after the Fixed period.

first direct

 4.19% 2 Years £999 3.9% APR 90%
Our opinion: FIXED – first direct are offering this fixed rate at 4.19% for 2 years, the rate then reverts to the SVR, currently 3.69%, after the Fixed period. A deposit of only 10% is required and the arrangement fee is £999. An Early Repayment Charge is payable for the fixed rate period. Winner of Moneysupermarket.com Supers award for Best Overall Financial Provider.

HSBC

 4.79% September 2017 £999 4.5% APR 90%
Our opinion: FIXED – HSBC are offering this fixed rate at 4.79% for 5 years, the rate then reverts to the SVR, currently 3.94%, after the Fixed period. A deposit of only 10% is required and the arrangement fee is £999. An Early Repayment Charge is payable until 30/09/2017. Winner of Moneysupermarket.com Supers award for Best Mortgage Provider.

Yorkshire BS

 4.99% September 2017 £995 5.2% APR 90%
Our opinion: FIXED – Yorkshire BS are offering this fixed rate at 4.99% for 5 years, the rate then reverts to the SVR, currently 4.99%, after the Fixed period. A low deposit of only 10% is required and the fee is £995. An Early Repayment Charge is payable until 30/09/2017.
Tracker Mortgages

HSBC

 4.79% Term £999 5% APR 90%
Our opinion: TRACKER -This variable mortgage charges 4.29% above base rate for the term of the mortgage, giving a current pay rate of 4.79%. The arrangement fee is £999 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.

first direct

 4.99% Term £0 5.1% APR 90%
Our opinion: TRACKER -This variable mortgage charges 4.49% above base rate for the term of the mortgage, giving a current pay rate of 4.99%. The rate then reverts to the SVR, currently 3.69%, after the Tracker period. There is no 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.

Post Office

 5.09% June 2014 £995 4.8% APR 90%
Our opinion: TRACKER -This variable mortgage charges 4.59% above base rate for 2 years, giving a current pay rate of 5.09%. The Rate then reverts to the Bank of England base rate + 3.99%, giving a rate of 4.49%, after the Tracker period. There is a £995 arrangement fee payable and a minimum deposit of only 10% is required. There is an early repayment charge payable until 30/06/2014.

Santander

 5.69% 2 Years £495 4.7% APR 90%
Our opinion: TRACKER -This variable mortgage charges 5.19% above base rate for 2 years, giving a current pay rate of 5.69%. The rate then reverts to the SVR, currently 4.24%, after the Tracker period. The arrangement fee is £495 and a minimum deposit of 10% is required. An Early Repayment Charge is payable for 2 years. Available for purchases only.

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
Fixed Rate Mortgages

Leeds BS

 3.39% May 2014 £999 5.6% APR 75%
Our opinion: FIXED – Leeds BS are offering a 2 year fixed product at a rate of 3.39%. You will require a deposit of 25% and an early repayment charge is payable until 31/05/2014.

Chelsea BS

 3.54% August 2014 £1695 5.5% APR 70%
Our opinion: FIXED – Chelsea BS are offering this 2 year fixed product at a rate of 3.54%, the rate then reverts to the SVR, currently 5.79%, after the Fixed period. You will require a deposit of 30% and an early repayment charge is payable until 31/08/2014.

Yorkshire BS

 3.74% September 2014 £995 4.9% APR 75%
Our opinion: FIXED – For those with a 25% deposit, Yorkshire BS are offering a 2-year rate at 3.74%, the rate then reverts to the SVR, currently 4.99%, after the Fixed period. The arrangement fee is £995 and there is an early repayment charge payable until 30/09/2014.

Market Harborough BS

 3.75% August 2014 £895 4% APR 80%
Our opinion: FIXED – Market Harborough BS are offering a 2 year fixed product at a rate at 3.75%. You will require a deposit of 20% and an early repayment charge is payable until 31/08/2014.

Norwich & Peterborough BS

 3.79% 2 Years £795 4.9% APR 75%
Our opinion: FIXED – Norwich & Peterborough BS are offering this 2 year fixed product at a rate of 3.79%, the rate then reverts to the SVR, currently 4.99%, after the Fixed period. You will require a deposit of 25% and an early repayment charge applies for 2 years.
Tracker Mortgages

Chelsea BS

 3.14% August 2014 £1495 5.5% APR 70%
Our opinion: TRACKER– This variable mortgage charges 2.64% above base rate for 2 years, giving a current pay rate of 3.14%. The rate then reverts to the SVR, currently 5.79%, after the Tracker period. The fee is £1,495 and a 30% deposit is required. An early repayment charge is payable until 31/08/2014.

Yorkshire BS

 3.29% September 2014 £995 4.8% APR 75%
Our opinion: TRACKER -This variable mortgage charges 2.79% above base rate for 2 years, giving a current pay rate of 3.29%. The rate then reverts to the SVR, currently 4.99%, after the Tracker period. The arrangement fee is £995 and a minimum deposit of 25% is required. . An early repayment charge is payable until 30/09/2014.

Woolwich (Barclays)

0845 677 9990

 3.29% May 2014 £1499 4% APR 70%
Our opinion: TRACKER -This variable mortgage charges 2.79% above base rate for 2 years, giving a current pay rate of 3.29%. The arrangement fee is £1499 and a minimum deposit of 30% is required. . An early repayment charge is payable until 31/05/2014.

first direct

 3.29% 2 Years £499 3.7% APR 65%
Our opinion: TRACKER -This variable mortgage charges 2.79% above base rate for two years, giving a current pay rate of 3.29%. The rate then reverts to the SVR, currently 3.69%, after the Tracker period. The arrangement fee is £499 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.

Norwich & Peterborough BS

 3.34% 2 Years £795 4.9% APR 75%
Our opinion: TRACKER -This variable mortgage charges 2.84% above base rate for 2 years, giving a current pay rate of 3.34%. 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

 3.39% June 2014 3.5% 5.2% APR 60%
Our opinion: FIXED – A fixed rate product is being offered by The Mortgage Works at a rate of 3.39% until June 2014, 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 40%. An early repayment charge is payable until 30/06/2014.

BM Solutions

 3.59% August 2014 2.5% 5.1% APR 60%
Our opinion: FIXED – A 2 year fixed rate product is being offered by BM Solutions with a rate of 3.59%. The fee is 2.5% of the loan and an early repayment charge is payable until 31/08/2014.

Coventry BS

 3.75% July 2014 £1749 4.8% APR 65%
Our opinion: FIXED – Coventry BS are offering this 2 year fixed rate at 3.75%, the rate then reverts to the SVR, currently 4.74%, after the Fixed period. You will require a deposit of 35% and an Early Repayment Charge is payable until 31/07/2014.

Northern Rock

 3.85% July 2014 2.5% 5% APR 60%
Our opinion: FIXED – Northern Rock are offering a 2 year fixed rate at 3.85%, the rate then reverts to the SVR, currently 4.79%, after the Fixed period. You will require a deposit of 40% and an early repayment charge is payable until 01/07/2014.

Woolwich (Barclays)

0845 677 9990

 3.98% June 2014 £1999 5.5% APR 60%
Our opinion: FIXED – Woolwich (Barclays) have released this 2 year fixed rate at 3.98%, the fee is £1999 and you will need a 40% deposit to qualify. An early repayment charge is payable until 02/06/2014.
Tracker Mortgages

The Mortgage Works

 3.49% June 2014 3.5% 5.2% APR 65%
Our opinion: TRACKER -This variable mortgage charges 2.99% above base rate for two years, giving a current pay rate of 3.49%. The arrangement fee is 3.5% and a minimum deposit of 35% is required. An Early Repayment Charge is payable until 30/06/2014.

Coventry BS

 3.65% June 2014 £1249 4.8% APR 65%
Our opinion: TRACKER -This variable mortgage charges 3.15% above base rate for two years, giving a current pay rate of 3.65%. The product fee is £1,249 and a minimum deposit of 35% is required. An Early Repayment Charge is payable until 30/06/2014.

Northern Rock

 3.75% July 2014 2.5% 5% APR 60%
Our opinion: TRACKER -This variable mortgage charges 3.25% above base rate for two years, giving a current pay rate of 3.75%. The arrangement fee is 2.5% of the loan and a minimum deposit of 40% is required. An Early Repayment Charge is payable until 01/07/2014.

Woolwich (Barclays)

0845 677 9990

 3.99% Term £1999 5.6% APR 60%
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%. The arrangement fee is £1999, a minimum deposit of 40% is required and an Early Repayment Charge is payable for the first 3 years.

Nottingham BS

 4.09% 2 Years £1999 6.4% APR 75%
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 SVR, currently 6.54%, after the Tracker period. The arrangement fee is £1999, a minimum deposit of 25% is required and an Early Repayment Charge is payable for 2 years.

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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.