Short Term Fixed Rate
The Alliance & Leicester is offering a fixed rate until the 30th June 2006
at 4.69% (APR 6.1%). There is an arrangement fee of £395, and a refundable
valuation fee of £280.
Long Term Fixed Rate
The Nottingham Building Society is offering a fixed rate deal to the 31st of
August 2009 at 5.15% (APR 5.9%). There is no valuation fee, but an
arrangement fee of £295.
Short Term Discount
The Norwich & Peterborough 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 Nottingham Building Society is offering a 5 year discounted scheme at a
current rate of 4.18% (APR 5.4%), with no valuation fee or redemption
penalties, but an arrangement fee of £295.
Cashback
The Northern Rock is offering a variable rate mortgage that gives a 10%
cashback on the amount borrowed. The current rate is 5.99% (APR 6.2%), with
an arrangement fee of £595 and a valuation of £385. The loan is subject to
redemption penalties.
Buy to Let *
The Nat West is offering a buy to let discount mortgage until the 31st May
2006, currently at 4.69% (APR 6.4%) with a valuation fee of £225, an
arrangement fee of £200 and no 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 is a three year deal also from the Abbey, at base
rate minus 0.06%, 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.
