Best current mortgage rates
Mortgage Best Buys August 2008
Figures based upon a capital and interest mortgage of £300,000 on a property valuation of £375,000 over a term of 25 years.
Rates correct as of 25th July 2008.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
You can choose how we are paid: pay a fee, usually we accept commission from the lender and charge no fee. Alternatively
we can rebate the commission to the client and charge a fee of 0.5% of the loan amount.
| FIXED RATES - RESIDENTIAL |
|
| 6.58% fixed for 2 years then changing to the standard variable rate, currently 6.49% variable for the remainder of the term.
The overall cost for comparison is 6.8% APR. | £2,044.72 for 24 months then payments at the variable rate currently 6.49% of £2,028.73. | Booking fee of £599. | 1.5% of the outstanding loan if mortgage is repaid within 2 years after the mortgage completes. Plus fees which are currently £90. |
| BASE RATE TRACKER - RESIDENTIAL |
|
| A variable rate, currently 7.24% with a discount of 1.00% for 2 years giving a current rate payable of 6.24%, then the lenders variable rate currently 7.24% thereafter.
The overall cost for comparison is 7.3% APR.
| £1983.71 for 24 months at a variable rate currently 6.24% then payments at the variable rate currently 7.24% of £2162.78. | Arrangement fee of £995.
| 3% of the outstanding loan if mortgage is repaid within 2 years after the mortgage completes. Plus fees which are currently £175. |
| FIXED RATES – BUY TO LET |
|
| 6.89% fixed until 30/09/2010 then changing to the standard variable rate, currently 7.69% variable for the remainder of the term.
The overall cost for comparison is 7.9% APR.
| £2109.82 for 24 months then payments at the variable rate currently 7.69% of £2256.96. | Arrangement fee of £1,499.
| 3% of the outstanding loan if the mortgage is repaid before 30/09/2010.
|
| BASE RATE TRACKER - BUY TO LET |
|
| Bank of England base rate plus 1.89% until 30/09/2010 giving an initial pay rate of 6.89% variable, then the lenders variable rate currently 7.69% thereafter.
The overall cost for comparison is 7.9% APR.
| £2113.32 for 24 months at a variable rate currently 6.89% then payments at the variable rate currently 7.69% of £2260.70 | Arrangement fee of £1,999.
| 3% of the outstanding loan if the mortgage is repaid before 31/09/2010.
|
Personalised recommendations available on request
