Short Term Fixed Rate
The Alliance & Leicester is offering a fixed rate until the 30th June 2006 at 4.59% (APR 6.1%). There is an arrangement fee of £395, and a refundable valuation fee of £280.
Long Term Fixed Rate
The Lambeth Building Society is offering a fixed rate deal to the First of April 2009 at 4.95% (APR 6.0%). The valuation fee is £200, with an arrangement fee of £390.
Short Tem Discount
The Norwich & Peterborough Building Society is offering a 2 year discounted scheme at an interest rate of 2.99% (APR 5.6%), with a valuation fee of £225, and no arrangement fee, subject to redemption penalties.
Long Term Discount
The Lambeth Building Society is offering a 5 year discounted scheme at a current rate of 3.99% (APR 5.6%), with a valuation fee of £200 and an arrangement fee of £295, with no redemption penalties.
Cashback
The Cheltenham & Gloucester is offering a variable rate mortgage that gives a 7.5% cashback on the amount borrowed. The current rate is 6% (APR 6.2%), with no arrangement fee and a valuation of £249. The loan is subject to redemption penalties.
Buy to Let *
The Cheltenham & Gloucester is offering a buy to let tracker mortgage until the 31st December 2007, currently at 4.64% (APR 5.7%) with a valuation fee of £249 and no arrangement fee or penalties.
Remortgage**
For those looking to remortgage, the Abbey is offering a two year tracker deal, currently at 4.34% (APR 5.8%), with a free valuation, free legal work and no arrangement fees.
Tracker
This week's best tracker deal also comes from the Abbey, at base rate minus 0.06%, currently equating to 3.94% (APR 5.8%), with a valuation fee of £250 and an arrangement fee of £399.
All figures are subject to revision, but current at time of going to press.
Terms and conditions apply. Subject to status and availability. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
* There is no guarantee that it will be possible to arrange continuous letting of the property nor that the rental income will be sufficient to meet the cost of the mortgage.
**Your existing lender may impose penalties if you switch your mortgage to a new lender.
For full details contact Mortgage Talk - the UK's leading independent
mortgage broker - on 0800 996 1111 or e-mail [email protected]
