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Time to make a house a home

  • Compare top mortgage deals
  • Find the right mortgage for you
  • Take the stress out of finding a mortgage

Compare mortgages from over 90 lenders, covering the whole market

Your mortgage is likely to be your biggest financial commitment so shopping around for the best deals is important. We can help by comparing deals from more than 90 different lenders across the whole of the market – so you can be confident you’re getting the right deal for you.

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Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

What mortgage do I need?

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    This is when you already have a mortgage for your property, and you switch to a new deal, often with a new lender. Remortgaging could help you save money by getting a lower interest rate and better terms.

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    First-time buyer

    As a first time buyer you may have a smaller cash deposit to put towards your purchase. You might also want to do more research into the different types of loan – such as fixed and tracker rates to see which is the best type for your needs.

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    buy-to-let mortgage is one that has been designed specifically for people looking to purchase property as an investment, rather than as somewhere to live. If you’re buying a house or flat and intend to rent it out to tenants you need a buy-to-let mortgage.

First time buyer initiatives

95% Mortgage Scheme

The government announced a new 95% mortgage guarantee scheme in the Spring Budget 2021. It enables homebuyers to secure a mortgage with a 5% cash deposit, with the government underwriting 95% mortgage loans. 

The scheme is available to all home buyers on properties worth up to £600,000 and most major lenders are participating. 

First Homes Scheme

The First Homes scheme is a government initiative to boost affordable housing. Under the plan eligible new homes will be made available at a 30% discount to their market price for first-time buyers. Key workers and army veterans will be prioritised. 

The discount must be passed on to future buyers when the property is sold.




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Mortgage calculators

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How much can you borrow?

Our mortgage calculator shows you how much you could borrow, based on your income.

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Repayment Calculator

Work out the cost of your mortgage and how much your monthly repayments will be


Base Rate calculator

See how much your mortgage payments will be affected by a change in the interest rate.

Stamp duty

Stamp duty is the tax you pay when you buy a property or land set as a percentage of the purchase price. The amount of tax you’ll pay in total depends on the value of the property you are buying and whether you intend to live in it or rent it out. 

In England and Northern Ireland there is a special rate in place until 30 September 2021. No stamp duty is charged on the first £250,000 of a property’s value (or £300,000 if you’re a first-time buyer). The tax is then charged at 5% on the next portion of the property’s value up to £925,000.

Stamp duty or land tax thresholds and levies are different in Scotland and Wales

Buyers can find out more about stamp duty and what it might cost them by using our stamp duty calculator




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What are the different mortgage types?

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    Fixed Rate

    Fixed rate mortgages have an interest rate that stays the same for a set period. It means repayments are the same every month so you’re protected from any rise in interest rates. Deals are typically between two and five years, although it is possible to get a fixed term of up to 10 years or more. 

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    tracker mortgage will usually charge you an interest rate that follows the Bank of England base rate, but usually tracks a few percentage points higher. The base rate is the interest rate at which high street banks borrow money. As it goes up and down your monthly repayments will rise and fall too. 

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    Discounted variable rate

    discounted variable rate mortgage is similar to a tracker mortgage except rather than being linked to the Bank of England’s base rate, it’s linked to your lender's standard variable rate (SVR). The SVR can change at your lender’s discretion and your monthly repayments will go up and down as a result. 

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    Standard variable rate mortgage 

    standard variable rate (SVR) is an interest rate set by your lender, usually a few percent points above the Bank of England base rate. If you are on an SVR mortgage you’re probably paying more than you need. Switching to a fixed or tracker rate deal can usually save you money and there shouldn’t be an early repayment charge.

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    An interest-only mortgage allows you to pay just the interest charged on the loan each month. You don’t have to repay the amount you’ve borrowed (sometimes known as the capital) until the end of the term. This means your monthly payments will be less than on a repayment mortgage. But you must make provision to repay the original loan.

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    An offset mortgage lets you use your savings against the amount you owe on your mortgage, reducing how much interest you pay. The value of your savings is deducted from your outstanding mortgage balance so you pay interest on the remainder. Offsets work well if you pay more in mortgage interest than you earn in a savings account. 

How to get the best mortgage deals

Think about the different home loan options available and what would suit your needs best.  

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    A fixed mortgage rate can offer peace of mind, for example, because you’ll know what your monthly repayments are. But a tracker could be cheaper overall. It’s important to consider what suits your financial circumstances and attitude to risk.

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    Consider any fees attached to the mortgage deal (these can add considerably to the overall cost). And factor in the length of the initial term – as there is likely to be an early repayment charge if you want to leave early. 

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    Credit rating

    Check your credit report before applying for a new mortgage. This can have a big impact on what mortgage rates and deals you’ll be offered. You can also take steps to improve your rating where possible, such as getting on the electoral roll.

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    Shop around

    Shopping around is important to ensure you look across the whole mortgage market to find deals that suit your needs. That’s where we can help. Whether you’re looking to buy or remortgage we compare deals across the market to source the right ones for you.

Can you get a mortgage with bad credit?

It is possible to get a mortgage with bad credit, depending on your circumstances. But you may not be offered the most competitive rates.

Lenders will make mortgage decisions based on your credit report so any repayment problems you’ve had or county court judgments (CCJs) could work against you.

Check your credit score for free with our credit monitor service so you know where you stand. There could be some easy steps you can take to improve your credit rating, such as closing unused accounts and registering on the electoral role.

There are mortgages - known as sub-prime - specifically designed for borrowers with a low credit rating. They work in the same way as standard mortgages, but you’re likely to need a larger cash deposit and may face higher interest rates..



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How to compare mortgages with MoneySupermarket

Comparing mortgages is easy with MoneySuperMarket. 

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Buying or remortgaging?

Tell us whether you’re looking to buy or remortgage, and whether you’ll use the property to live in or rent out to tenants

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Tell us a few details

Let us know an estimate of the property value, your deposit, the length of your desired term and how you want to repay

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We browse the market

We sift through mortgage offers from our leading panel of providers so you can see the range on offer and make an informed choice.



A mortgage is a type of loan you get from a bank or building society to help buy a property. The size of the mortgage you need for a property will depend on how much you’ve saved up to put towards a deposit, and the amount you still need to reach the purchase price. The amount of mortgage you then take out will be a percentage of the purchase price – this is called a loan-to-value or LTV.

You can apply for a mortgage through a bank or building society. You’ll need a few documents to hand to start the process, including proof of identity, utility bills and bank statements. When you apply you’ll be asked a series of questions about yourself and your finances. This is so the lender can calculate what kind of mortgage you’ll be able to afford. Your potential lender will also run checks to determine your financial status and credit history and if your application is accepted you’ll be sent a mortgage offer.

It's easier and quicker find the best mortgage for you when you compare quotes with MoneySuperMarket. Just tell us about yourself and the home you want to purchase, and you can compare deals by the initial interest rate, APR and the fees included in the overall mortgage term.

The amount of mortgage you can afford is based on your income and any financial commitments you already have.

You can find out how much you could borrow with our mortgage calculator. Simply enter your annual income and we’ll do the rest.

Whether a lender will let you borrow this amount will also depend on your credit history, the size of your cash deposit and the length of the mortgage term.

This is the rate of interest charged on a mortgage. Rates are determined by the lender in most cases, and can be either fixed, where they remain the same for the term of the mortgage, or variable, where they fluctuate with a benchmark interest rate.

Before you compare mortgage rates it’s important to understand the different types and how they work.

Mortgage term: most people opt for a 25-year term for their first mortgage but you can choose a longer or shorter period. If you opt for a longer term, your repayments will be lower, but it will take you longer to pay off the debt and you’ll pay more interest overall. The shorter the term, the sooner you'll be mortgage free, but you should be confident you can meet the repayments each month. 

Deal length: given that many mortgage deals have an early repayment charge (ERC) if you want to end the mortgage deal early, it’s important to think about how long you’re happy to tie yourself in for. For example, if you think you might move in the next few years, opting for a two-year product rather than a five-year product might be preferable. It can cost thousands of pounds to get out of a mortgage early as the penalty is usually a percentage of the outstanding mortgage. So, if your mortgage if £100,000 and the ERC is 2%, you'll have to pay £2,000 to get out of the deal. 

Repayment or interest-only: you can take your mortgage out on a repayment basis or interest-only. With a repayment mortgage your monthly payments are calculated so you're paying off some of the capital as well as the interest.  This way you can be confident you’ll have repaid the entire loan by the end of the term.

In contrast, monthly payments on an interest-only mortgage cover only the interest, meaning you'll have the original loan to pay in full at the end of the term. The idea is that you’ll have a repayment plan in place, such as an investment or cash ISA, so you’ll build up a significant lump sum to clear your mortgage loan in full by the time your mortgage ends.  

mortgage in principle or an agreement in principle is confirmation of how much a bank or building society is prepared to lend to you based on the information you’ve provided. This can help show that you’re ready to buy when it comes to making an offer on a property. But it’s important to remember that a mortgage in principle is not a guarantee. A lender can still refuse or reduce the amount at the point you come to make a full mortgage application as at this time it will assess your full credit history and financial situation.

Banks and building societies change their mortgage rates quite frequently so it is always best to shop around when looking for the best deals. But while low interest rates are attractive, they are not the only consideration. You should also factor in the type of deal you want – such as a fixed or variable rate mortgage – the fees attached to the deal, plus how long you want to be tied into the loan. 

Fixed rate mortgages have an interest rate that stays the same for a set period. This is generally between two and five years, although it is possible to get a fixed term of up to 10 years or more. Your repayments are the same every month, so you’re protected from rises in interest rates. Most will charge you a penalty - known as an early repayment charge (ERC) - if you choose to leave the deal before the end of the fixed term.

Interest rates adjust periodically with a variable rate mortgage, which means repayments may change throughout the loan term. Usually, the interest rate changes in relation to another rate - the Bank of England's base rate has a big influence on variable interest rates, as does the base rate of each lender.

For standard variable rate (SVR) mortgages, each lender has an SVR that they can move when they like. This often roughly follows the Bank of England's base rate movements. SVRs can be anything from two to five percentage points above the base rate – or higher – and they can vary massively between lenders.

The other type of variable mortgage is a discount mortgage. Rather than being linked to the Bank of England’s base rate, discounts are linked to the lender's standard variable rate (SVR). For example, if the SVR is 4.50% with a discount of 1%, the payable mortgage rate is 3.50%. If the SVR rose to 5.50%, the pay rate would rise to 4.50%.

The problem with discounts is that SVR changes are at the lender's discretion so your mortgage payments could change even if there has been no change to the Bank of England’s base rate. What's more, even if the SVR changes following a move in the base rate, there is no guarantee that it will increase or decrease by the same amount.

As a result, trackers are usually seen as more transparent than discounted deals and are often seen as being fairer for the borrower.

When the base rate fell from 5.00% to 0.50% between October 2008 and March 2009, for example, Lloyds TSB was the only top 20 lender to reduce its SVR by the full 4.50%. All the others cut their rates by less.

When the Bank of England raised the base rate from 0.25% to 0.5% in November 2017, anyone who wasn’t on a fixed rate mortgage was at risk of seeing their repayments increase. Several leading mortgage lenders followed and increased their tracker and/or SVR rates a month later.

Most mortgage deals carry arrangement fees, which can vary from a few hundred pounds up to a couple of thousand.

Also bear in mind that these set up costs can sometimes be made up of two fees. An increasing number of lenders charge a non-refundable booking fee, which is effectively a product reservation fee. If your house purchase falls through and you don’t end up taking the mortgage deal, you won’t get this fee back.

The second type of fee is an arrangement fee which you pay on completion of the mortgage so you won't have to pay it if, for any reason, you don't take the mortgage.

Overpaying on your mortgage could help you to pay it off early and save money on interest payments. But make sure you read our mortgage overpayment guide first, as overpaying isn’t the right move for all homeowners.

You can calculate how early you could pay off your mortgage – plus how much this could save you in interest – with our mortgage overpayment calculator.

Remember to always factor these into the overall cost of any deal. Even if a lender is offering a seemingly unbeatable rate, steep fees could mean that it works out to be more cost-effective to go for a higher rate, but with a much lower fee, or no fee at all.

The best mortgage rate for you depends on how much you are looking to borrow. A high fee is often worth paying in order to secure a low interest rate if you are applying for a large mortgage. But those with smaller mortgages could be better off opting for a higher rate and lower fee.

While this is the general rule, it is well worth crunching the numbers when you are comparing mortgages - you need to work out the total cost over the term of the deal. You can do this by finding out what the monthly payment will be using our mortgage repayment calculator – and then multiply by 24. You then need to add on the arrangement fee to find out the total cost.

You will likely find that you have more mortgage deals available to choose from if you have a good credit history, so it’s worth making sure that your credit report is as good as it can be before applying for a mortgage. Steps like paying off any outstanding borrowed credit you owe and making sure your current address is on the electoral role can help to improve your credit score.

The more money you can save as a deposit, the less you’ll need to borrow as a mortgage loan – and having a bigger deposit can help you get access to more competitive mortgage rates. Lenders will often have a maximum loan to value they’re prepared to offer you, and the rest will need to be made up with either a deposit or funded through the government’s Help to Buy equity loan (now closed to new applicants) or newer Lifetime ISA (LISA) scheme.

Using a mortgage comparison tool can help to give you a better idea of how much you’d need to pay in monthly costs and interest, the duration of the deal, the maximum LTV and any product fees you may need to pay for the mortgage deals available based on your borrowing requirements. It’s important to remember though that the actual mortgage deals you’re offered when you go to make an application may differ because they will then be influenced by your financial situation and credit history.

Can't find what you're looking for? Try looking at our news, views and in-depth mortgage guides

Mortgage Guides - Mortgage Providers - News & Views

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So how do we make our money? In a nutshell, when you use us to buy a product, we get a reward from the company you’re buying from.

But you might have other questions. Do we provide access to all the companies operating in a given market? Do we have commercial relationships or ownership ties that might make us feature one company above another?

We commit to providing you with clear and informative answers on all points such as this, so we have gathered the relevant information on this page.