UK Mortgage rates best buy tables
This will give you a good starting point in finding competitive mortgage rates, but you will probably still need to speak to an adviser, click here to get in touch with a mortgage broker
Fixed rates (no extended redemption tie ins)
The interest rate you pay is fixed for a set period. You will not be charged a redemption penalty if you remortgage after the set period has ended.
The interest rate you pay is fixed for a set period. You will not be charged a redemption penalty if you remortgage after the set period has ended.
Fixed rates (with extended tie ins)
The interest rate you pay is fixed for a set period. The interest rate may be very low, but you will not be able to remortgage for a number of years after the set period without paying a penalty.
The interest rate you pay is fixed for a set period. The interest rate may be very low, but you will not be able to remortgage for a number of years after the set period without paying a penalty.
Capped rate mortgages
The interest rate you pay is capped at a certain level rather than fixed. It can slide up and down below the cap and your repayments can change.
The interest rate you pay is capped at a certain level rather than fixed. It can slide up and down below the cap and your repayments can change.
Discounted variable rates
A discount mortgage offers a reduction on a lender’s standard variable rate (SVR) of a set percentage over a given period.
A discount mortgage offers a reduction on a lender’s standard variable rate (SVR) of a set percentage over a given period.
First-time buyer (discounted variable)
Special deals are offered to first-time buyers. A discount mortgage offers a reduction on a lender’s standard variable rate (SVR) of a set percentage over a given period.
Special deals are offered to first-time buyers. A discount mortgage offers a reduction on a lender’s standard variable rate (SVR) of a set percentage over a given period.
Variable rates
A lender’s standard variable rate (SVR) will move up and down in line with interest rate movements. SVRs are usually higher than fixed, discount or capped rate mortgages.
A lender’s standard variable rate (SVR) will move up and down in line with interest rate movements. SVRs are usually higher than fixed, discount or capped rate mortgages.
Self-certification rates
Self-cert mortgages are suitable for the self-employed or anyone with an irregular income.
Self-cert mortgages are suitable for the self-employed or anyone with an irregular income.
100 per cent
If a buyer is unable to put down a deposit a lender may loan up to 100 per cent of the value of the property.
If a buyer is unable to put down a deposit a lender may loan up to 100 per cent of the value of the property.
Buy-to-let
A buy-to-let mortgage is a homeloan used to buy an investment property.
A buy-to-let mortgage is a homeloan used to buy an investment property.
| Source: |  |
|
