Best current mortgage rates
Mortgage Best Buys March 2010
Figures based upon a capital and interest mortgage of £210,000 on a property valuation of £300,000 over a term of 25 years. Source: Trigold 08th March 2010.
Rates correct as of 08th March 2010.
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
PLEASE NOTE THAT THE FSA DO NOT REGULATE SOME FORMS OF BUY TO LET MORTGAGES.
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 |
|
| 3.44% fixed until 31/05/2012 then changing to a variable rate which is 3.75% above the Bank of England Base rate to give a current rate of 4.75% which will not go below a floor of 4.75%.
The overall cost for comparison is 4.7% APR
| £1044.56 for 25 months then payments at the variable rate currently 4.75% of £1186.16. | Administration fee of £140.00 and an Arrangement fee of £855.00.
| 2% of the outstanding loan if mortgage is repaid before 31/05/2011 and 1% of the outstanding loan if mortgage is repaid before 31/05/2012. |
| BASE RATE TRACKER - RESIDENTIAL |
|
| Bank of England base rate plus 2.19% 2 year tracker to give a current variable rate of 2.69% then changing to the standard variable rate which is currently 4.24%.
The overall cost for comparison is 4.1% APR | £962.32 for 24 months then payments at the variable rate currently 4.24% of £1123.73. | Booking fee of £495.00 | 2% of the original loan if mortgage is repaid within 2 years after the mortgage completes and a homebuyer solution clawback of £250. |
| FIXED RATES – BUY TO LET |
|
| 5.49% 2 year fixed then changing to a variable rate which is 3.25% above the Bank of England Base rate to give a current rate of 6.00% which will not go below a floor of 6.00%.
The overall cost for comparison is 6.1% APR | £1288.33 for 24 months then payments at the variable rate currently £1349.13. | Arrangement fee of £999.00. | 3% of the outstanding loan if the mortgage is repaid within 2 years. |
| BASE RATE TRACKER - BUY TO LET |
|
| Bank of England base rate plus 4.49% tracker till 31/03/2012 to give a current variable rate of 4.99% then changing to a variable rate which is currently 4.50%.
The overall cost for comparison is 4.8% APR | £1226.42 for 23 months then payments at the variable rate currently 4.50% of £1170.73. | Arrangement fee of £1999.
| 3% of the outstanding loan if the mortgage is repaid before 31/03/2012. |
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