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Moneyfacts.co.uk mortgage showcase

Moneyfacts.co.uk mortgage showcase

Category: Mortgages

Updated: 09/09/2011
First Published: 09/09/2011

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Yesterday, Moneyfacts.co.uk attempted to shine a light on some of the best savings deals; today, it's the turn of mortgages.

Moneyfacts.co.uk figures show that there are now almost 3,000 mortgages to choose from in the UK .

While that number is well short of the 8,000 plus deals that were available in the summer of 2007, it also marks something of a revival from the bottoming out of the market in early 2010, when there was just 1,600 mortgages.

Moneyfacts.co.uk's dedicated research team has gone over the mortgage market with a fine tooth-comb to find some of the best deals available today.

We have tried to include a wide spread of deals, taking in both fixed and variable rate mortgage, as well as terms for those with both large and small deposits.

Two Year Fixed (85% LTV)

  • For borrowers with at least a 15% deposit, Yorkshire Building Society is offering a rate of 3.24%, fixed to 30 November 2013.
  • The deal is subject to a £800 arrangement fee, plus a £195 booking fee.
  • The deals is available on mortgages of between £75,000 and £1m.

Three Year Fixed (65% LTV)

  • First direct is offering borrowers with a 35% deposit a market leading rate of 2.79% fixed for three years.
  • The deal is available on mortgages of between £10,000 and £1m.
  • For mortgages of less than £400,000 a £1,499 fee is payable, while mortgages of £400,001 to £800,000 are charged a fee of £2,998 and larger mortgages are charged £4,497.
  • Remortgage customers benefit from free legal fees.

Five Year Fixed (60% LTV)

  • HSBC is offering borrowers a rate of 3.34% fixed until 31 October 2016.
  • The deal is subject to a £999 arrangement fee and is available for mortgages up to £500,000.
  • Remortgage customer are offered an incentive of free legal fees.

Two Year Fixed (90% LTV)

  • Borrowers with just a 10% deposit are being offered a rate of 3.89% from Mansfield Building Society.
  • The deal is available to borrowers in England and Wales with a mortgage of between £25,000 and £200,000.
  • A £999 arrangement fee is required to secure the deal.
  • The mortgage offers a refund of the valuation fee, subject to a maximum of £400.

Two Year Variable (70% LTV)

  • The lowest rate on the market is being offered by ING Direct, who are charging 1.90% discounted until 30 November 2013.
  • The deal is subject to a £1,750 arrangement fee, plus a £195 booking fee.
  • Remortgagers benefit from free valuation and legal fees, while homebuyers are offered a refund on the valuation fee.

Three Year Tracker (75% LTV)

  • Yorkshire Building Society has the lowest three year tracker rate at 1.79% plus base rate, currently 2.29%.
  • The deal is available to borrowers requiring a minimum mortgage of £25,000 and is subject to a £800 arrangement fee, plus a £195 booking fee.

Lifetime Tracker (60% LTV)

  • HSBC is offering the lowest rate for a lifetime tracker of 1.99% plus base rate, currently 2.49%.
  • The deal is available on mortgages up to £1m and has charges no fee.
  • If rates start to rise and borrowers are concerned about the rising cost of the mortgage they can leave the deal at anytime without penalty.

Two Year Tracker (90% LTV)

  • NatWest Mortgage Services is offering borrowers with a 10% deposit are being offered a rate 4.09% above the lenders base rate, currently 4.59% until 30 November 2013.
  • The deal is subject to a £999 fee and is available on mortgages of above £25,000.
  • Remortgagers benefit from free valuation and legal fees.

Find the best mortgage rate - Compare best selling mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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