Product focus: Mortgages - Mortgages - News - Moneyfacts


Product focus: Mortgages

Product focus: Mortgages

Category: Mortgages

Updated: 14/06/2011
First Published: 14/06/2011

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 It is now over 6 months old so the content may be out of date.

Many mortgage lenders advertise seemingly low rates, but most are offset by high arrangement fees. When the true cost of the mortgage is worked out it can be that the low rate high fee combination works out more expensive than a slightly higher rate, but a much lower fee.

Below is a selection of mortgages that combine competitive rates with low fees.


  • Borrowers after a tracker deal could consider the lifetime tracker mortgage from HSBC.
  • The lender is offering a 1.89% plus bank base rate, currently 2.39% for term to borrowers with a 40% deposit.
  • No upfront fee is payable and if rates rise sharply and borrowers want to move on, they can no so without charge as no exit penalty is payable.

Yorkshire Building Society

  • Yorkshire Building Society offers a range of rate/fee combinations on its mortgages.
  • Borrowers with a 15% deposit could consider the two year tracker, which charges 2.89% plus bank base rate, currently 3.39%.
  • The deal is subject to just a £495 arrangement fee.
  • New borrowers will benefit from an incentive of £250 cashback, whilst remortgagers are offered a free valuation and free legal fees.

ING Direct

  • If borrowers are looking to fix their monthly repayments then ING Direct is offering a five year fixed mortgage at 4.49%.
  • No upfront fee is payable on the mortgage, which is available to borrowers with a 40% deposit.
  • The deal offers an incentive to remortgages of a free valuation and free legal fees.

National Counties Building Society

  • Borrowers with a 25% deposit are being offered a rate of 3.09% from National Counties Building Society on its two year fixed mortgage.
  • The deal is available to new borrowers in England and Wales and is subject to a £495 fee.
  • An incentive of £75 cashback is available to borrowers going direct to the lender.

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 Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Does your mortgage lender owe you money?

Earlier this week, the financial watchdog revealed that hundreds of thousands of mortgage holders could have been overcharged by their lender. Are you one of the many who could be in line for a windfall?

Do you think your home will rise in value?

There’s been a lot of talk recently about the rate of house price growth slowing, but is it affecting your personal expectations? According to research, it could be, with fewer people now expecting the value of their property to increase.

Confidence among “second steppers” is on the rise

We all know how difficult it can be taking that first step on the ladder, but what about the second step? In many cases, getting onto the next rung can be just as challenging, but happily, confidence among this cohort appears to be on the rise.