Best Mortgage Deals | Compare the best mortgage rates and deals - moneyfacts.co.uk

Compare the Best Mortgage Deals

  - Find the best mortgage deals with moneyfacts.co.uk. Our whole of market search & independent best buy tables will help you compare the best mortgage rates available.
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Compare the Best Mortgage Deals

Compare
Up to 3 products
side by side
RateAPRCMortgage TypePeriodMax LTVERCSearch all
4094 mortgages
   
 2 Year Fixed  

1.64% reverting to 4.99% 4.5% Fixed31/07/201885%Details...
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  Product Fee: Arrangement Administration £130, Completion £845 

1.95% reverting to 3.94% 3.7% Fixed31/08/201880%Details...
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  Product Fee: None 

2.49% reverting to 3.94% 3.8% Fixed31/08/201890%Details...
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  Product Fee: None 
  Sponsored Products  

3.99% reverting to 4.99% 4.9% Fixed31/07/201895%Details...
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  Product Fee: None 

1.99% reverting to 4.95% 4.5% Discounted Variable31/07/201875%Details...
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  Product Fee: Arrangement £999 

1.99% reverting to 4.95% 4.6% Discounted Variable31/07/201875%Details...
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  Product Fee: Arrangement £999 

1.93% reverting to 4.49% 4.0% Fixed30/06/201875%Details...
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  Product Fee: None 

3.25% reverting to 3.99% 4.0% Fixed30/06/201890%Details...
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  Product Fee: None 

1.89% reverting to 3.99% 3.7% Fixed31/08/201875%Details...
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  Product Fee: Booking £199 

1.74% reverting to 4.00% 3.9% Fixed30/09/201860%Details...
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  Product Fee: Booking £995 
  
 3 Year Fixed 

1.87% reverting to 4.99% 4.3% Fixed31/07/201965%Details...
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  Product Fee: Arrangement Administration £130, Completion £845 

1.99% reverting to 5.99% 5.1% Fixed31/07/201980%Details...
Speak to an Adviser
 
  Product Fee: Completion £499, Booking £199 

2.68% reverting to 3.94% 3.8% Fixed31/08/201990%Details...
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  Product Fee: Booking £999 

3.09% reverting to 3.99% 3.9% Fixed31/08/201990%Details...
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  Product Fee: Booking £199 
  Sponsored Products  

2.79% reverting to 5.15% 4.5% Fixed31/07/201985%Details...
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  Product Fee: None 

3.04% reverting to 4.99% 4.6% Fixed31/07/201990%Details...
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  Product Fee: None 

2.45% reverting to 4.49% 4.0% Fixed31/05/201975%Details...
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  Product Fee: None 

2.19% reverting to 3.99% 3.7% Fixed3 years75%Details...
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  Product Fee: Reservation £999 
  
 5+ Year Fixed 

1.99% reverting to 3.94% 3.3% Fixed31/08/202165%Details...
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  Product Fee: Booking £1499 

2.24% reverting to 3.94% 3.4% Fixed31/08/202175%Details...
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  Product Fee: Booking £1499 

2.94% reverting to 4.49% 4.0% Fixed30/06/202190%Details...
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  Product Fee: Arrangement £995 
  Sponsored Products  

3.09% reverting to 5.15% 4.4% Fixed31/07/202185%Details...
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  Product Fee: None 

3.39% reverting to 4.95% 4.4% Fixed31/07/202175%Details...
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  Product Fee: None 

3.39% reverting to 4.49% 4.2% Fixed31/05/202190%Details...
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  Product Fee: None 

2.49% reverting to 4.99% 4.1% Fixed31/07/202175%Details...
Go to Site
 
  Product Fee: Arrangement Administration £130, Completion £845 

2.98% reverting to 4.00% 3.8% Fixed30/09/202180%Details...
Go to Site
 
  Product Fee: Booking £995 

2.99% reverting to 3.99% 3.7% Fixed30/06/202175%Details...
Go to Site
 
  Product Fee: None 

2.54% reverting to 3.99% 3.3% Fixed5 years60%Details...
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  Product Fee: None 

2.29% reverting to 3.99% 3.4% Fixed31/08/202165%Details...
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  Product Fee: Booking £199 

2.99% reverting to 3.99% 3.4% Fixed30/06/202680%Details...
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  Product Fee: Arrangement £999 
  
 Discounted Variable Rate 

1.59% reverting to 3.99% 3.6% Discounted Variable31/08/201865%Details...
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  Product Fee: None 
  
 Help to Buy 

3.68% reverting to 4.49% 4.5% Fixed31/05/201895%Details...
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  Product Fee: None 

3.79% reverting to 4.00% 4.1% Fixed30/09/201895%Details...
Go to Site
 
  Product Fee: None 

4.25% reverting to 4.49% 4.5% Fixed31/05/201995%Details...
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  Product Fee: None 

4.48% reverting to 4.49% 4.6% Fixed31/05/202195%Details...
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  Product Fee: None 

4.60% reverting to 4.79% 4.7% Fixed01/09/202195%Details...
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  Product Fee: None 
  
 Remortgage 

1.49% reverting to 4.74% 4.3% Fixed31/07/201880%Details...
Speak to an Adviser
 
  Product Fee: Arrangement £1349, Booking £150 

1.99% reverting to 3.94% 3.3% Fixed31/08/202165%Details...
Go to Site
 
  Product Fee: Booking £1499 
  Sponsored Products  

1.93% reverting to 4.49% 4.0% Fixed30/06/201875%Details...
Go to Site
 
  Product Fee: None 

2.49% reverting to 4.99% 4.1% Fixed31/07/202175%Details...
Go to Site
 
  Product Fee: Arrangement Administration £130, Completion £845 

1.89% reverting to 3.99% 3.7% Variable2 years70%Details...
Go to Site
 
  Product Fee: None 

2.44% reverting to 4.00% 3.9% Variable30/09/201860%Details...
Go to Site
 
  Product Fee: None 

1.74% reverting to 4.00% 3.9% Fixed30/09/201860%Details...
Go to Site
 
  Product Fee: Booking £995 

2.54% reverting to 3.99% 3.3% Fixed5 years60%Details...
Go to Site
 
  Product Fee: None 
Compare
Last Updated: Thursday 26 May 2016 07:12

Representative Example: £150,000 mortgage over 25 years initially at 1.87% fixed for 38 months reverting to 4.99% variable for term. 38 monthly payments of £626.33 and 262 monthly payments of £844.68. Total amount payable £246,456.70 includes loan amount, interest of £95,107, valuation fees of £235 and product fees of £975. The overall cost for comparison is 4.3% APRC representative.

Our team of experts have chosen those mortgages they believe to be Best Buys. A selection of those, for which we have arranged links are shown above, whilst products shown with a yellow background are sponsored products.

Disclaimer: Credit will be secured by a mortgage on your property. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.

 

Mortgages, before you begin your search …

Before you start looking, make sure you’re certain of what you’re looking for – that way you won’t get lost in the forest of mortgage deals out there.

Remember that the mortgage you choose is going to have an impact on your monthly finances for a number of years, so it’s important to shop around for the best mortgage deals.

Make sure you’ve considered the following before starting your mortgage search

What type of mortgage rate is best?

There are two main types of mortgage interest rate:

  • Fixed rates – your payment remains the same throughout a set term
  • Variable rates (this includes discounted and tracker rates) – your payment could go down or up, depending on wider interest rate movements

Fixed rate mortgages can be great if you’d rather know what you’ll be paying, or if you’re on a tight budget and can’t afford for your payment to go up.
Fixed rate mortgage guide.

Variable rate mortgages may be for you if you don’t mind taking the chance of your payment going up. However, if rates go down, you could end up paying much less in interest.
Standard Variable Rate, tracker or discounted mortgage guides.

Variable rate mortgage warningOnly consider a variable rate mortgage if you can afford a payment that’s quite a bit higher than you are quoted at the outset. Variable rates can go up as well as down – your payment could increase by hundreds of pounds later on, so make sure you can cover this.

How long should your mortgage term be?

Strictly speaking, you should aim to set your mortgage term for as short a period as possible as you will not pay as much interest. However, a shorter term does mean higher monthly payments.

A good compromise is to set a term at a level where you can easily afford the payments, and then overpay in addition (you’d need to make sure your mortgage allows this, before applying). Then, if you fall on hard times or need to reduce your payment unexpectedly, you can pause the overpayment part to give you some breathing space.

When considering the term you should also think about how long you would like the initial deal period to run for. Shorter introductory mortgage rates might be attractive, but remember that your payments will probably increase later on when the initial deal ends. If you remortgage again after this period, you may find that the cost and upheaval of regular remortgaging, outweighs any saving you get from a lower short term rate.

Longer term fixed rates have their pitfalls as well as, if rates go down, you could end up paying over the odds for your mortgage, while others enjoy lower rates.

How much deposit/equity do you have?

The deposit you have to put down (or equity you already have in your home) plays a crucial part in the best mortgage rates you can get:

Loan to value explanationThe higher the mortgage in relation to the value (or purchase price) of your home (LTV), the greater the risk to the mortgage lender. The greater the risk to the mortgage lender, the higher the rate you’ll pay.

You’ll see that the mortgages in our Best Buy tables all state a maximum LTV – this is the highest possible proportion of borrowing against property price or value that you can have on that mortgage.
Loan-to-value (LTV) guide.

How much flexibility do you need?

A mortgage that allows you to overpay, underpay, take payment breaks and/or borrow back money is often referred to as a flexible mortgage.

If you think you’ll want to overpay, or to have the option to pay less or suspend your payments later (during a planned sabbatical for instance), you’ll need to make sure your mortgage will allow this.

Another thing to consider, if you’re thinking of moving in the next few years, is a portable mortgage that allows you to take your borrowing from your current home to the next.

A portable mortgage means that, because you don’t have to finish one mortgage and start another one, you can avoid having to pay both an Early Repayment Charge on one mortgage and set up fees on a new one (although there will normally be a porting fee, this will be a lot less that the fees you would have to pay if taking out a new mortgage).

What next?

Best Buys
Compare 2 year fixed rate mortgages
Compare 3 year fixed rate mortgages
Compare 5 year and over fixed rate mortgages
Compare variable and tracker rate mortgages
Compare discounted rate mortgages
Compare buy-to-let mortgages

Tools and help
Search all mortgages
Mortgage repayment calculator
How much can you borrow calculator
Mortgage guides
Mortgage terminology jargon buster

 

 
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Mortgage Calculators

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How much can I borrow calculator?How much can I borrow calculator?
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