Short Term Fixed Rate
The Chelsea Building Society is offering a fixed rate until the First of January 2006 at 4.54% (APR 5.8%). There is an arrangement fee of £540, but no valuation fee.
Long Term Fixed Rate
The Britannia Building Society is offering a five year fixed rate at 5.19% (APR 5.6%). The valuation fee is £150, with an arrangement fee of £399.
Short Tem Discount
The Norwich & Peterborough Building Society is offering a 2 year discounted scheme at an interest rate of 2.74% (APR 5.3%), 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 3.7% (APR 5.3%), with a valuation fee of £200 and an arrangement fee of £295, with no redemption penalties.
Cashback
The Northern Rock is offering a mortgage that gives a 10% cashback on the amount borrowed, at a variable rate, currently 5.99% (APR 6.2%), with a valuation fee of £385 and an arrangement fee of £595, subject to redemption penalties.
Buy to Let *
The NatWest is offering a buy to let discounted mortgage until the 30th April 2006, currently at 4.49% (APR 6.2%) with a valuation fee of £225, an arrangement fee of £200 and no penalties.
Remortgage**
For those looking to remortgage, the Chelsea Building Society is offering a three year discounted deal at 4.14% (APR 5.6%), with a free valuation, free legal work and no arrangement fees.
Tracker
This week's best tracker deal 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 £299.
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 28 11 58 or e-mail [email protected]
