Representative Example: £150,000 mortgage over 25 years initially at 1.85% variable for term. 300 monthly payments of £624.88. Total amount payable £188,013.00 includes loan amount, interest of £37,464, valuation fees of £0 and product fees of £499. The overall cost for comparison is 1.9% APRC representative.
Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts.
Where we have been able to we have also provided a link for you to apply via Moneyfacts.co.uk today.
Products shown with a yellow background are sponsored products.
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
There are several types of variable rate mortgages, including standard variable, discounted rate and tracker rate. The interest rate you pay on all of these can go up as well as down. Although they do not offer protection from future rate increases, they will allow you to benefit from cheaper payments when interest rates are low.
Some lenders offer tracker rate mortgages. These rates move up and down (or track) in line with changes to the Bank of England base rate, meaning that your payment can fluctuate as well.
Most lenders offer a standard variable rate mortgage (SVR). The fees associated with taking out, or remortgaging from, an SVR mortgage are often relatively low. This is because many have low set-up costs and no early repayment charges. Unlike a tracker, an SVR is set arbitrarily by each individual lender, so your rate may increase or decrease by a different amount to the Bank of England base rate.
Discounted rates are another form of variable rate mortgage; we have a separate best buy table for these here, or a specialist table for first time buyers.
When you look at our best buys, you will see that we have selected products from across different loan-to-value tiers in order to give a wide overview of what’s available.
However, if you can’t find a product that’s right for you don’t worry – you can use our quick and easy mortgage search to access a more comprehensive list of mortgages.
Please send me emails with the latest Moneyfacts news, best buy products and specially selected third party offers
Mortgage repayment calculatorWork out how much your mortgage repayments will be.
How much can I borrow calculator?Work out what your monthly mortgage payments are likely to be based on how much you want to borrow over the mortgage term.
Mortgage rates are among the lowest ever recorded, and in the case of fixed rates, they just keep fa... More
Earlier this week, the financial watchdog revealed that hundreds of thousands of mortgage holders co... More
There’s been a lot of talk recently about the rate of house price growth slowing, but is it affectin... More
We all know how difficult it can be taking that first step on the ladder, but what about the second ... More
Mortgage arrears had been falling for several years, driven by low mortgage rates and improved affor... More
Find out how to choose the best estate agent in this guide. We look at practical ways to shortlist, ... More
Mortgage valuations shouldn’t be confused with a property survey. You should consider having a surve... More
What is your relationship with your mortgage? Are you repaying it off as quickly as you can – are yo... More
Yorkshire BS has reduced its three-year fixed mortgage deal by 0.14%. This has made it the market-le... More
Tipton & Coseley BS has launched a new three-year discounted variable rate mortgage to the market ai... More
Furness BS has launched a new five-year fixed rate mortgage, which has entered the Best Buy chart fo... More
Virgin Money has reduced selected rates across its fixed mortgage range, including an impressive cut... More
Loughborough BS has launched a new two-year discounted variable mortgage deal at 85% loan-to-value (... More
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.