Find a Mortgage

How to find a mortgage using our mortgage search tool

Our comprehensive mortgage search tool not only shows you your estimated monthly repayments, interest and product fees, it is also able to filter down to the mortgages on the market that match your search criteria. This is a completely transparent mortgage comparison tool.

Your tailored repayment details will be displayed underneath each product in your search results.

Moneyfacts mortgage search tool explained

Our mortgage search tool allows you to find all the mortgages that fit your own specific requirements. Our search will filter through almost every product available on the market, including most of those available through mortgage brokers and show you as many details as possible about products that match your search criteria.

On this page:

1. How to find a mortgage
2. What type of mortgage should I choose?
3. How much can I borrow?
4. Mortgage fees explained
5. What else do I need to consider when looking for a mortgage?
6. Should I use a mortgage broker?
7. Find mortgages by LTV

How to find a mortgage

Just fill in a few details about:

• The amount you want to borrow
• How much the property you want to buy or remortgage is worth
• The kind of mortgage you need

The mortgage search will use this information to display all products that may be available to you based on your criteria. Underneath each product listing you will see a representative example of the repayments and fees you would have to pay if you successfully applied for the mortgage. This example will include a breakdown of your mortgage payments, the total interest you will pay, and an estimate of the applicable fees.

We only ask for the information that is needed to return the best search results possible. For a more general idea of what your monthly payments might be, have a look at our monthly mortgage payment calculator.

We will display your mortgage search results with the mortgages you can apply for at moneyfacts.co.uk first. To reorder the columns, click on your preferred column heading. You can also compare up to three mortgages separately to help you create a shortlist.

Get started now and enter your details above to find a mortgage based on your personal requirements.

What type of mortgage should I choose?

Some decisions are simple to make; you’ll know whether you are looking to move home, remortgage or even buy your first home. By putting this information in, you are making sure that those mortgages that don’t allow your specific situation are filtered out.

Other choices may not be so simple. Under Mortgage Type, you will find fixed, variable, capped and tracker. Maybe you don’t mind which one you get (which is the default option), but it is still helpful to know how they differ.

Fixed rate mortgages give you repayment security over the initial term, while variable rate mortgages can go up and down throughout the life of the mortgage although many have a discounted rate for an initial period. Capped and tracker mortgages are specific types of mortgages that either have a maximum rate, or follow a certain external measure (usually the Bank of England base rate). You can read more in our capped and tracker mortgages guides, or read our offset mortgage guide for another option if you have a large savings pot that isn’t gaining much interest.

Which of these mortgage types you choose will depend on your personal preference and attitude towards risk, as well as the wider market. This decision further depends on what kind of initial period you’re after, especially in relation to fixed rate deals. A longer initial term means more security but also usually a slightly higher rate, while for variable rates there’s less security regardless of term and there might not even be an initial, discounted period.

You can also choose between two Repayment Types in our mortgage finder. With an interest-only mortgage, you only pay off the interest each month. You don't pay off the capital (i.e. the actual amount of the mortgage as you would with a repayment mortgage) until the end of your mortgage term. As such, you will need to be prepared to pay back the capital in full at the end of the term.

To get a better idea of what you will need to pay each month with a repayment compared to an interest-only mortgage, you could use our mortgage payment calculator, which calculates monthly repayments for both. Taking out an interest-only mortgage may look like a cheaper option at first, but it actually means that you pay more interest in the long run, and you need to be putting money aside to build up an amount to repay the mortgage at the end of the term

With an interest only mortgage, you are not paying off any of the capital, which means the original sum borrowed will remain outstanding for the entire term of the mortgage. This is different from repayment mortgages, where you will be paying interest on a smaller amount each month as your mortgage decreases, because your monthly repayments will chip away at the original sum borrowed. As a result of this and the financial crisis, there are fewer and fewer interest-only mortgages on offer, and they should only be considered by those with a firm repayment plan of their own.

How much can I borrow?

Every provider will have its own criteria, and the mortgage you are offered will also depend on your credit rating and personal circumstances, such as your (combined) income. To find out what income counts towards a mortgage application, read our guide on the subject.

Once you have an idea of how much you’ll be able to borrow, you can figure out pretty easily how big a deposit you’ll need. Simply speaking, it comes down to the difference between the property value and the mortgage required, as can be seen in the find a mortgage tool above.

Mortgage fees explained

Aside from the rate, an important column of the mortgage search tool to pay attention to is ‘Product Fees’. In some cases, a mortgage with a lower rate can work out as more expensive due to the initial provider fee. This is why we’ve also displayed the ‘total amount repayable’ in a separate column, to give you a better idea not just of what the effect the interest rate will have, but also the impact of fees.

Mortgage fees can be described as booking or arrangement fees, but either way they are an essential part of the mortgage process. While a lot of providers will allow you to add these fees to the mortgage amount, it’s better to pay it if you are able to, given the interest that would otherwise be added to the price.

Note that there are more fees to take into account than just the product fees, with legal fees, stamp duty, valuation fees and moving costs all adding to the total. That’s why it can be useful if a provider offers free valuation fees, or even some cashback, to save you some money. Always look at the total package before making a choice, however.

What else do I need to consider when looking for a mortgage?

When choosing a mortgage, the most important thing to consider is the cost. While you may be tempted to go for a name you recognise, don’t discount the smaller providers, as they may be able to give more personalised support and could offer the better deal.

Also consider the term you’re signing up for. While it may provide more security to sign up to a five-year fixed rate mortgage deal, this may come with high charges should you wish to change your mortgage early. Think about what you’re comfortable with, and how the market might be doing in a few years’ time, as well as the competitiveness of the deal itself.

As for your personal situation, you may want to avoid changing jobs if you’re looking to get a mortgage in the near future. Steady and continuous employment make you less of a risk for providers, so you’ll likely be offered better deals.

Should I use a mortgage broker?

You may find that if we can't connect you directly to a mortgage provider, we'll recommend applying for the mortgage via a broker. There are many reasons to use a mortgage broker, but in brief it is their job to find you the best mortgage deal. Although you will have to pay for their services, you may end up paying less than you would have done if you'd applied for the mortgage directly if they can find you a better overall deal. For more information about mortgage brokers, read our mortgage broker guide.

We can introduce you to a team of expert and experienced mortgage advisers at Premier Financial Group, who are on hand to help with your decision. To talk to them, call 0800 193 6644, or fill in the call back form and they will call you.

Find mortgages by LTV

• Compare 80% LTV mortgages
• Compare 85% LTV mortgages
• Compare 90% LTV mortgages
• Compare 95% LTV mortgages
• Compare 100% LTV mortgages