Short Term Fixed Rate
The Royal Bank of Scotland is offering a fixed rate deal until 31 July 2008 at a rate of 4.49%, reverting to the standard variable rate for the remaining term of the mortgage, currently 6.59%. The overall cost for comparison is 6.6% APR. An Early Repayment Charge is payable if you repay all or part of this mortgage during the fixed rate period. There is a valuation fee of £255 and an arrangement fee of £699 that can be added to the loan.
Long Term Fixed Rate
The Royal Bank of Scotland is offering a fixed rate deal until the 30 June 2011, at a rate of 4.99%, reverting to the standard variable rate for the remaining term of the mortgage, currently 6.59%. The overall cost for comparison is 6.3% APR. An Early Repayment Charge is payable if you repay all or part of this mortgage during the fixed rate period. There is a valuation fee of £255 and an arrangement fee of £399 that can be added to
the loan.
Short Term Discount or Tracker
BM Solutions is offering a two year tracker scheme at the Bank of England Base Rate minus 0.45%, currently 4.05%, reverting to the standard variable rate for the remaining term of the mortgage, currently 6.49%. The overall cost for comparison is 6.4% APR. An Early Repayment Charge is payable if you
repay all or part of this mortgage within two years. There is a valuation fee of £350 and an arrangement fee of £500 that can be added to the loan.
Long Term Discount or Tracker
The Nottingham Building Society is offering a five year discounted scheme, at a current rate of 4.62%, reverting to the standard variable rate for the remaining term of the mortgage, currently 6.39%. The overall cost for comparison is 6% APR. An Early Repayment Charge is payable if you repay all
or part of this mortgage within 5 years. There is a free valuation, but an arrangement fee of £495 that can be added to the loan.
Cashback
The Abbey is offering a 5% cashback variable rate deal at a rate of 6.5%. The overall cost for comparison is 6.8% APR. There is a requirement to repay the cashback on early repayment of the loan within five years of the start date. There is a free valuation and no arrangement fee.
Buy to Let
BM Solutions is offering a two year tracker buy to let deal at the Bank of England Base Rate plus 0.35%, currently 4.85%, reverting to their standard variable rate, currently 6.45%, at the end of the period. The overall cost for comparison is 6.5% APR. An Early Repayment Charge is payable if you repay all or part of this mortgage during the first two years of the loan. There is a refundable valuation fee of £350, while the arrangement fee of
£599 can be added to the loan.
Remortgage
For those looking to remortgage, The Halifax is offering a tracker deal of Bank of England base rate minus 0.11% until the 31 July 2008, reverting to the standard variable rate for the remaining term of the mortgage, currently 6.5%. The overall cost for comparison is 6.4% APR. An Early Repayment Charge
is payable if you repay all or part of this mortgage during the discount period. This mortgage offers a free valuation, free legal work but an arrangement fee of £499, which can be added to the loan.
Lifetime Tracker
The Norwich & Peterborough is offering a lifetime tracker deal at the Bank of England Base Rate plus 0.35% for the full term of the loan, currently equating to 4.85%. The overall cost for comparison is 5.1%. There is no Early Repayment Charge on this loan, but there is a valuation fee of £220 and an arrangement fee of £599, which can be added to the mortgage.
100% Mortgage
The Royal Bank of Scotland is offering a tracker deal until 30 June 2008 at Base Rate plus 0.89%, currently 5.39%, reverting to the standard variable rate for the remaining term of the mortgage, currently 6.59%. The overall cost for comparison is 6.7% APR. An Early Repayment Charge is payable if you repay all or part of this mortgage during the tracker period. There is a valuation fee of £255, and an arrangement fee of £699 that can be added to the loan.
Capped Rate Mortgage
The Skipton Building Society is offering a tracker mortgage, capped for three years, at a current rate of 4.75%, reverting to the standard variable rate for the remaining term of the mortgage, currently 5.89%. The overall cost for comparison is 5.9% APR. An Early Repayment Charge is payable if you repay all or part of this mortgage during the capped rate period. There is a valuation fee of £220, and an arrangement fee of £449 that can be added to
the loan.
