Best Mortgage Rates

In the comparison chart above you can see the best mortgage deals available in the marketplace today. But what are the best mortgage rates? When taking out a new mortgage or remortgaging an existing property the mortgage rate advises you how much interest the lender will charge each year for advancing you the money. Naturally, interest rates can vary tremendously and are influenced by the Bank of England’s own base rate and the specifics of each mortgage product.  Mortgage rates can also be fixed or variable – meaning that your repayments will remain the same for a predetermined period or will fluctuate over time.

With our help it’s easy to find the best mortgage rate by comparing products from across the marketplace.  To give you an idea of how this works, you’ll find the products where you can quickly and easily jump to a providers site at the top – underneath these are detailed the mortgage products available from the rest of the marketplace. Both sections are listed in interest order with the best rates being higher up in the charts. To reorder the whole table into rate order, just untick the box at the top of the search table.

Mortgage deals come in a huge variety of types, all with differing interest rates – so how to tell which is best for you? One of the first decisions you should make is whether you would like a fixed or variable rate mortgage. Very simply, a fixed mortgage means that for a set period your interest rate (and your repayments) are ‘fixed’ at a certain level, say for example 2 years. This is great if you like to be able to plan ahead but often the interest rates for these are a little higher than the variable options. Speaking of which, your other choice – variable – is where both the interest rate and your repayment can change over time, moving up or down as market conditions dictate.