Compare

COMPARE 1000S OF MORTGAGE RATES

£
£
£
Matching mortgages
Try sorting by Annual Cost
?
Yorkshire BS
Max LTV 65%:
Base +0.68% to 29/02/24
Initial rate
0.78%
then 4.49% (variable)
Monthly repayments
£459
Scheme fees
£995
Annual cost
£6,003
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
1% until 29/02/24
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a variable rate for 2 years at 0.78% and then on a variable rate of 4.49% for the remaining 23 years would require 24 payments of £458 and 276 payments of £673. The total amount payable would be £197,735 made up of the loan amount plus interest (£71,740) and fees (£995). The overall cost for comparison is 3.6% APRC representative.
Max LTV 65% Early Repayment Charges apply
Overall cost for comparison 3.6% APRC
?
Barclays
Max LTV 60%:
Base +0.75% for 2 years
Initial rate
0.85%
then 3.59% (variable)
Monthly repayments
£463
Scheme fees
£999
Annual cost
£6,051
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed?
Early Repayment Charge:
None
Other info
Exit fee £80
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a variable rate for 2 years at 0.85% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £462 and 276 payments of £617. The total amount payable would be £182,379 made up of the loan amount plus interest (£56,380) and fees (£999). The overall cost for comparison is 3.2% APRC representative.
Max LTV 60% No Early Repayment Charges
Overall cost for comparison 3.2% APRC
?
Yorkshire BS
Max LTV 75%:
Base +0.79% to 29/02/24
Initial rate
0.89%
then 4.49% (variable)
Monthly repayments
£465
Scheme fees
£995
Annual cost
£6,076
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
1% until 29/02/24
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a variable rate for 2 years at 0.89% and then on a variable rate of 4.49% for the remaining 23 years would require 24 payments of £464 and 276 payments of £674. The total amount payable would be £198,155 made up of the loan amount plus interest (£72,160) and fees (£995). The overall cost for comparison is 3.6% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 3.6% APRC
?
HSBC
Max LTV 60%:
Fixed to 31/01/24
Initial rate
0.89%
then 3.54% (variable)
Monthly repayments
£465
Scheme fees
£999
Annual cost
£6,078
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/01/24
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 0.89% and then on a variable rate of 3.54% for the remaining 23 years would require 24 payments of £464 and 276 payments of £614. The total amount payable would be £181,599 made up of the loan amount plus interest (£55,600) and fees (£999). The overall cost for comparison is 3.2% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
TSB
Max LTV 60%:
Fixed to 29/02/24
Initial rate
0.89%
then 3.59% (variable)
Monthly repayments
£465
Scheme fees
£995
Annual cost
£6,076
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 29/02/24
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 0.89% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £464 and 276 payments of £617. The total amount payable would be £182,423 made up of the loan amount plus interest (£56,428) and fees (£995). The overall cost for comparison is 3.2% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
Halifax
Max LTV 60%:
Fixed to 31/12/23
Initial rate
0.90%
then 3.59% (variable)
Monthly repayments
£465
Scheme fees
£1,199
Annual cost
£6,185
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £200
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/12/23
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 0.90% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £465 and 276 payments of £618. The total amount payable would be £182,927 made up of the loan amount plus interest (£56,728) and fees (£1,199). The overall cost for comparison is 3.1% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.1% APRC
?
Yorkshire BS
Max LTV 65%:
Fixed to 29/02/24
Initial rate
0.90%
then 4.49% (variable)
Monthly repayments
£465
Scheme fees
£1,495
Annual cost
£6,333
Fees and charges
Booking fee £0
Arrangement fee £1,495
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2.5% reducing to 1.5% until 29/02/24
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 0.90% and then on a variable rate of 4.49% for the remaining 23 years would require 24 payments of £465 and 276 payments of £674. The total amount payable would be £198,679 made up of the loan amount plus interest (£72,184) and fees (£1,495). The overall cost for comparison is 3.6% APRC representative.
Max LTV 65% Early Repayment Charges apply
Overall cost for comparison 3.6% APRC
?
Barclays
Max LTV 60%:
Fixed to 30/11/23
Initial rate
0.91%
then 3.59% (variable)
Monthly repayments
£466
Scheme fees
£999
Annual cost
£6,092
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% until 30/11/23
Other info
Exit fee £80
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 0.91% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £466 and 276 payments of £618. The total amount payable would be £182,751 made up of the loan amount plus interest (£56,752) and fees (£999). The overall cost for comparison is 3.2% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
Santander
Max LTV 70%:
Fixed to 02/01/24
Initial rate
0.94%
then 3.35% (variable)
Monthly repayments
£468
Scheme fees
£749
Annual cost
£5,987
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% until 02/01/24
Other info
Exit fee £225
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 0.94% and then on a variable rate of 3.35% for the remaining 23 years would require 24 payments of £467 and 276 payments of £603. The total amount payable would be £178,385 made up of the loan amount plus interest (£52,636) and fees (£749). The overall cost for comparison is 3.0% APRC representative.
Max LTV 70% Early Repayment Charges apply
Overall cost for comparison 3.0% APRC
?
Barclays
Max LTV 75%:
Base +0.85% for 2 years
Initial rate
0.95%
then 3.59% (variable)
Monthly repayments
£468
Scheme fees
£999
Annual cost
£6,119
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed?
Early Repayment Charge:
None
Other info
Exit fee £80
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a variable rate for 2 years at 0.95% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £468 and 276 payments of £618. The total amount payable would be £182,799 made up of the loan amount plus interest (£56,800) and fees (£999). The overall cost for comparison is 3.2% APRC representative.
Max LTV 75% No Early Repayment Charges
Overall cost for comparison 3.2% APRC
?
Leeds
Max LTV 65%:
Fixed to 31/01/24
Initial rate
0.96%
then 5.29% (variable)
Monthly repayments
£469
Scheme fees
£999
Annual cost
£6,125
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 31/01/24
Other info
Exit fee £199
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 0.96% and then on a variable rate of 5.29% for the remaining 23 years would require 24 payments of £468 and 276 payments of £727. The total amount payable would be £212,883 made up of the loan amount plus interest (£86,884) and fees (£999). The overall cost for comparison is 4.4% APRC representative.
Max LTV 65% Early Repayment Charges apply
Overall cost for comparison 4.4% APRC
?
Yorkshire BS
Max LTV 75%:
Fixed to 29/02/24
Initial rate
0.97%
then 4.49% (variable)
Monthly repayments
£469
Scheme fees
£1,495
Annual cost
£6,380
Fees and charges
Booking fee £0
Arrangement fee £1,495
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2.5% reducing to 1.5% until 29/02/24
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 0.97% and then on a variable rate of 4.49% for the remaining 23 years would require 24 payments of £469 and 276 payments of £675. The total amount payable would be £199,051 made up of the loan amount plus interest (£72,556) and fees (£1,495). The overall cost for comparison is 3.6% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 3.6% APRC
?
Natwest
Max LTV 60%:
Fixed to 29/02/24
Initial rate
0.98%
then 3.59% (variable)
Monthly repayments
£470
Scheme fees
£845
Annual cost
£6,062
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £150
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
1.5% reducing to 0.75% until 29/02/24
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 0.98% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £469 and 276 payments of £618. The total amount payable would be £182,669 made up of the loan amount plus interest (£56,824) and fees (£845). The overall cost for comparison is 3.2% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
Nationwide
Max LTV 60%:
Base +0.89% for 2 years
Initial rate
0.99%
then 3.59% (variable)
Monthly repayments
£471
Scheme fees
£999
Annual cost
£6,146
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed?
Early Repayment Charge:
None
Other info
Exit fee £65
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a variable rate for 2 years at 0.99% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £470 and 276 payments of £618. The total amount payable would be £182,847 made up of the loan amount plus interest (£56,848) and fees (£999). The overall cost for comparison is 3.2% APRC representative.
Max LTV 60% No Early Repayment Charges
Overall cost for comparison 3.2% APRC
?
HSBC
Max LTV 70%:
Fixed to 31/01/24
Initial rate
0.99%
then 3.54% (variable)
Monthly repayments
£471
Scheme fees
£999
Annual cost
£6,146
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/01/24
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 0.99% and then on a variable rate of 3.54% for the remaining 23 years would require 24 payments of £470 and 276 payments of £615. The total amount payable would be £182,019 made up of the loan amount plus interest (£56,020) and fees (£999). The overall cost for comparison is 3.2% APRC representative.
Max LTV 70% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
Leeds
Max LTV 75%:
Fixed to 31/01/24
Initial rate
0.99%
then 5.29% (variable)
Monthly repayments
£471
Scheme fees
£999
Annual cost
£6,146
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 31/01/24
Other info
Exit fee £199
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 0.99% and then on a variable rate of 5.29% for the remaining 23 years would require 24 payments of £470 and 276 payments of £728. The total amount payable would be £213,207 made up of the loan amount plus interest (£87,208) and fees (£999). The overall cost for comparison is 4.4% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.4% APRC
?
Monmouthshire BS
Max LTV 75%:
Fixed for 2 years
Initial rate
0.99%
then 4.74% (variable)
Monthly repayments
£471
Scheme fees
£1,905
Annual cost
£6,599
Fees and charges
Booking fee £150
Arrangement fee £1,495
Valuation fee £260
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% for 2 years
Other info
Exit fee £125
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 0.99% and then on a variable rate of 4.74% for the remaining 23 years would require 24 payments of £470 and 276 payments of £691. The total amount payable would be £203,901 made up of the loan amount plus interest (£76,996) and fees (£1,905). The overall cost for comparison is 4.2% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.2% APRC
?
Santander
Max LTV 60%:
Fixed to 02/01/27
Initial rate
0.99%
then 3.35% (variable)
Monthly repayments
£471
Scheme fees
£749
Annual cost
£5,796
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
5% until 02/01/27
Other info
Exit fee £225
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 5 years at 0.99% and then on a variable rate of 3.35% for the remaining 20 years would require 60 payments of £470 and 240 payments of £586. The total amount payable would be £169,589 made up of the loan amount plus interest (£43,840) and fees (£749). The overall cost for comparison is 2.3% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 2.3% APRC
?
TSB
Max LTV 75%:
Fixed to 29/02/24
Initial rate
0.99%
then 3.59% (variable)
Monthly repayments
£471
Scheme fees
£995
Annual cost
£6,144
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 29/02/24
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 0.99% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £470 and 276 payments of £618. The total amount payable would be £182,843 made up of the loan amount plus interest (£56,848) and fees (£995). The overall cost for comparison is 3.3% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 3.3% APRC
?
HSBC
Max LTV 75%:
Fixed to 31/01/24
Initial rate
0.99%
then 3.54% (variable)
Monthly repayments
£471
Scheme fees
£999
Annual cost
£6,146
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/01/24
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 0.99% and then on a variable rate of 3.54% for the remaining 23 years would require 24 payments of £470 and 276 payments of £615. The total amount payable would be £182,019 made up of the loan amount plus interest (£56,020) and fees (£999). The overall cost for comparison is 3.2% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
Skipton
Max LTV 60%:
Base +0.89% for 2 years
Initial rate
0.99%
then 4.64% (variable)
Monthly repayments
£471
Scheme fees
£995
Annual cost
£6,144
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed?
Early Repayment Charge:
None
Other info
Exit fee £95
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a variable rate for 2 years at 0.99% and then on a variable rate of 4.64% for the remaining 23 years would require 24 payments of £470 and 276 payments of £685. The total amount payable would be £201,335 made up of the loan amount plus interest (£75,340) and fees (£995). The overall cost for comparison is 3.8% APRC representative.
Max LTV 60% No Early Repayment Charges
Overall cost for comparison 3.8% APRC
?
Barclays
Max LTV 75%:
Fixed to 30/11/23
Initial rate
1.02%
then 3.59% (variable)
Monthly repayments
£472
Scheme fees
£999
Annual cost
£6,166
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% until 30/11/23
Other info
Exit fee £80
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.02% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £472 and 276 payments of £618. The total amount payable would be £182,895 made up of the loan amount plus interest (£56,896) and fees (£999). The overall cost for comparison is 3.2% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
Natwest
Max LTV 60%:
Fixed to 28/02/27
Initial rate
1.03%
then 3.59% (variable)
Monthly repayments
£473
Scheme fees
£995
Annual cost
£5,872
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
4.5% reducing to 1% until 28/02/27
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 5 years at 1.03% and then on a variable rate of 3.59% for the remaining 20 years would require 60 payments of £472 and 240 payments of £599. The total amount payable would be £173,075 made up of the loan amount plus interest (£47,080) and fees (£995). The overall cost for comparison is 2.6% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 2.6% APRC
?
Halifax
Max LTV 75%:
Fixed to 31/12/23
Initial rate
1.04%
then 3.59% (variable)
Monthly repayments
£473
Scheme fees
£1,199
Annual cost
£6,280
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £200
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/12/23
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.04% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £473 and 276 payments of £618. The total amount payable would be £183,119 made up of the loan amount plus interest (£56,920) and fees (£1,199). The overall cost for comparison is 3.2% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
Santander
Max LTV 70%:
Fixed to 02/01/27
Initial rate
1.04%
then 3.35% (variable)
Monthly repayments
£473
Scheme fees
£749
Annual cost
£5,830
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
5% until 02/01/27
Other info
Exit fee £225
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 5 years at 1.04% and then on a variable rate of 3.35% for the remaining 20 years would require 60 payments of £473 and 240 payments of £586. The total amount payable would be £169,769 made up of the loan amount plus interest (£44,020) and fees (£749). The overall cost for comparison is 2.5% APRC representative.
Max LTV 70% Early Repayment Charges apply
Overall cost for comparison 2.5% APRC
?
Santander
Max LTV 75%:
Fixed to 02/01/24
Initial rate
1.04%
then 3.35% (variable)
Monthly repayments
£473
Scheme fees
£749
Annual cost
£6,055
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% until 02/01/24
Other info
Exit fee £225
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.04% and then on a variable rate of 3.35% for the remaining 23 years would require 24 payments of £473 and 276 payments of £604. The total amount payable would be £178,805 made up of the loan amount plus interest (£53,056) and fees (£749). The overall cost for comparison is 3.0% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 3.0% APRC
?
Virgin Money
Max LTV 75%:
Fixed to 01/02/24
Initial rate
1.04%
then 4.34% (variable)
Monthly repayments
£473
Scheme fees
£709
Annual cost
£6,035
Fees and charges
Booking fee £0
Arrangement fee £1,495
Valuation fee £214
Other fees £0
Cashback £1,000
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
1.5% until 01/02/24
Other info
Exit fee £50
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.04% and then on a variable rate of 4.34% for the remaining 23 years would require 24 payments of £473 and 276 payments of £665. The total amount payable would be £195,601 made up of the loan amount plus interest (£69,892) and fees (£709). The overall cost for comparison is 3.7% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 3.7% APRC
?
Virgin Money
Max LTV 65%:
Fixed to 01/02/24
Initial rate
1.04%
then 4.34% (variable)
Monthly repayments
£473
Scheme fees
£909
Annual cost
£6,135
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £214
Other fees £0
Cashback £300
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
1.5% until 01/02/24
Other info
Exit fee £50
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.04% and then on a variable rate of 4.34% for the remaining 23 years would require 24 payments of £473 and 276 payments of £665. The total amount payable would be £195,801 made up of the loan amount plus interest (£69,892) and fees (£909). The overall cost for comparison is 3.7% APRC representative.
Max LTV 65% Early Repayment Charges apply
Overall cost for comparison 3.7% APRC
?
Halifax
Max LTV 60%:
Fixed to 31/12/24
Initial rate
1.05%
then 3.59% (variable)
Monthly repayments
£474
Scheme fees
£1,199
Annual cost
£6,087
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £200
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 1% until 31/12/24
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 3 years at 1.05% and then on a variable rate of 3.59% for the remaining 22 years would require 36 payments of £473 and 264 payments of £612. The total amount payable would be £179,795 made up of the loan amount plus interest (£53,596) and fees (£1,199). The overall cost for comparison is 3.0% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.0% APRC
?
Yorkshire BS
Max LTV 65%:
Fixed to 29/02/24
Initial rate
1.06%
then 4.49% (variable)
Monthly repayments
£474
Scheme fees
£245
Annual cost
£5,816
Fees and charges
Booking fee £0
Arrangement fee £495
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2.5% reducing to 1.5% until 29/02/24
Other info
Exit fee £90
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.06% and then on a variable rate of 4.49% for the remaining 23 years would require 24 payments of £474 and 276 payments of £675. The total amount payable would be £197,921 made up of the loan amount plus interest (£72,676) and fees (£245). The overall cost for comparison is 3.7% APRC representative.
Max LTV 65% Early Repayment Charges apply
Overall cost for comparison 3.7% APRC
?
Barclays
Max LTV 60%:
Base +0.96% for 2 years
Initial rate
1.06%
then 3.59% (variable)
Monthly repayments
£474
Scheme fees
£0
Annual cost
£5,694
Fees and charges
Booking fee £0
Arrangement fee £0
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 25% pa
Early Repayment Charge:
1% for 2 years
Other info
Exit fee £80
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a variable rate for 2 years at 1.06% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £474 and 276 payments of £618. The total amount payable would be £181,944 made up of the loan amount plus interest (£56,944) and fees (£0). The overall cost for comparison is 3.2% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
Natwest
Max LTV 60%:
Fixed to 29/02/24
Initial rate
1.08%
then 3.59% (variable)
Monthly repayments
£476
Scheme fees
£595
Annual cost
£6,005
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £400
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
1.5% reducing to 0.75% until 29/02/24
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.08% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £475 and 276 payments of £619. The total amount payable would be £182,839 made up of the loan amount plus interest (£57,244) and fees (£595). The overall cost for comparison is 3.2% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
Platform
Max LTV 60%:
Fixed to 31/12/23
Initial rate
1.08%
then 4.34% (variable)
Monthly repayments
£476
Scheme fees
£1,249
Annual cost
£6,332
Fees and charges
Booking fee £0
Arrangement fee £1,499
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/12/23
Other info
Exit fee £50
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.08% and then on a variable rate of 4.34% for the remaining 23 years would require 24 payments of £475 and 276 payments of £666. The total amount payable would be £196,465 made up of the loan amount plus interest (£70,216) and fees (£1,249). The overall cost for comparison is 3.9% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.9% APRC
?
Natwest
Max LTV 70%:
Fixed to 29/02/24
Initial rate
1.08%
then 3.59% (variable)
Monthly repayments
£476
Scheme fees
£995
Annual cost
£6,205
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
1.5% reducing to 0.75% until 29/02/24
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.08% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £475 and 276 payments of £619. The total amount payable would be £183,239 made up of the loan amount plus interest (£57,244) and fees (£995). The overall cost for comparison is 3.2% APRC representative.
Max LTV 70% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
Natwest
Max LTV 75%:
Fixed to 29/02/24
Initial rate
1.08%
then 3.59% (variable)
Monthly repayments
£476
Scheme fees
£995
Annual cost
£6,205
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
1.5% reducing to 0.75% until 29/02/24
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.08% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £475 and 276 payments of £619. The total amount payable would be £183,239 made up of the loan amount plus interest (£57,244) and fees (£995). The overall cost for comparison is 3.2% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
Platform
Max LTV 60%:
Fixed to 31/12/23
Initial rate
1.09%
then 4.34% (variable)
Monthly repayments
£476
Scheme fees
£749
Annual cost
£6,089
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/12/23
Other info
Exit fee £50
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.09% and then on a variable rate of 4.34% for the remaining 23 years would require 24 payments of £476 and 276 payments of £666. The total amount payable would be £195,989 made up of the loan amount plus interest (£70,240) and fees (£749). The overall cost for comparison is 3.9% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.9% APRC
?
HSBC
Max LTV 60%:
Fixed to 31/01/24
Initial rate
1.09%
then 3.54% (variable)
Monthly repayments
£476
Scheme fees
£0
Annual cost
£5,714
Fees and charges
Booking fee £0
Arrangement fee £0
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/01/24
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.09% and then on a variable rate of 3.54% for the remaining 23 years would require 24 payments of £476 and 276 payments of £616. The total amount payable would be £181,440 made up of the loan amount plus interest (£56,440) and fees (£0). The overall cost for comparison is 3.2% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
Furness
Max LTV 80%:
4.05% discount for 2 years
Initial rate
1.09%
then 5.14% (variable)
Monthly repayments
£476
Scheme fees
£1,499
Annual cost
£6,464
Fees and charges
Booking fee £0
Arrangement fee £1,499
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% for 2 years
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a variable rate for 2 years at 1.09% and then on a variable rate of 5.14% for the remaining 23 years would require 24 payments of £476 and 276 payments of £718. The total amount payable would be £211,091 made up of the loan amount plus interest (£84,592) and fees (£1,499). The overall cost for comparison is 4.6% APRC representative.
Max LTV 80% Early Repayment Charges apply
Overall cost for comparison 4.6% APRC
?
Coventry
Max LTV 50%:
Fixed to 31/12/23
Initial rate
1.09%
then 4.49% (variable)
Monthly repayments
£476
Scheme fees
£999
Annual cost
£6,214
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/12/23
Other info
Exit fee £125
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.09% and then on a variable rate of 4.49% for the remaining 23 years would require 24 payments of £476 and 276 payments of £675. The total amount payable would be £198,723 made up of the loan amount plus interest (£72,724) and fees (£999). The overall cost for comparison is 3.9% APRC representative.
Max LTV 50% Early Repayment Charges apply
Overall cost for comparison 3.9% APRC
?
TSB
Max LTV 60%:
Base +0.99% to 29/02/24
Initial rate
1.09%
then 3.59% (variable)
Monthly repayments
£476
Scheme fees
£995
Annual cost
£6,212
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed?
Early Repayment Charge:
None
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a variable rate for 2 years at 1.09% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £476 and 276 payments of £619. The total amount payable would be £183,263 made up of the loan amount plus interest (£57,268) and fees (£995). The overall cost for comparison is 3.3% APRC representative.
Max LTV 60% No Early Repayment Charges
Overall cost for comparison 3.3% APRC
?
TSB
Max LTV 60%:
Fixed to 28/02/25
Initial rate
1.09%
then 3.59% (variable)
Monthly repayments
£476
Scheme fees
£995
Annual cost
£6,046
Fees and charges
Booking fee £0
Arrangement fee £995
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 1% until 28/02/25
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 3 years at 1.09% and then on a variable rate of 3.59% for the remaining 22 years would require 36 payments of £476 and 264 payments of £612. The total amount payable would be £179,699 made up of the loan amount plus interest (£53,704) and fees (£995). The overall cost for comparison is 3.1% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.1% APRC
?
Clydesdale
Max LTV 75%:
Fixed to 31/12/23
Initial rate
1.09%
then 4.55% (variable)
Monthly repayments
£476
Scheme fees
£1,180
Annual cost
£6,304
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £181
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 31/12/23
Other info
Exit fee £195
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.09% and then on a variable rate of 4.55% for the remaining 23 years would require 24 payments of £476 and 276 payments of £679. The total amount payable would be £200,008 made up of the loan amount plus interest (£73,828) and fees (£1,180). The overall cost for comparison is 4.1% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 4.1% APRC
?
HSBC
Max LTV 60%:
Fixed to 31/01/25
Initial rate
1.09%
then 3.54% (variable)
Monthly repayments
£476
Scheme fees
£999
Annual cost
£6,047
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 1% until 31/01/25
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 3 years at 1.09% and then on a variable rate of 3.54% for the remaining 22 years would require 36 payments of £476 and 264 payments of £609. The total amount payable would be £178,911 made up of the loan amount plus interest (£52,912) and fees (£999). The overall cost for comparison is 3.0% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.0% APRC
?
HSBC
Max LTV 60%:
Fixed to 31/01/27
Initial rate
1.09%
then 3.54% (variable)
Monthly repayments
£476
Scheme fees
£999
Annual cost
£5,914
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
5% reducing to 1% until 31/01/27
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 5 years at 1.09% and then on a variable rate of 3.54% for the remaining 20 years would require 60 payments of £476 and 240 payments of £597. The total amount payable would be £172,839 made up of the loan amount plus interest (£46,840) and fees (£999). The overall cost for comparison is 2.7% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 2.7% APRC
?
Leeds
Max LTV 60%:
Fixed to 31/01/24
Initial rate
1.09%
then 5.29% (variable)
Monthly repayments
£476
Scheme fees
£1,999
Annual cost
£6,714
Fees and charges
Booking fee £0
Arrangement fee £1,999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
3% reducing to 2% until 31/01/24
Other info
Exit fee £199
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.09% and then on a variable rate of 5.29% for the remaining 23 years would require 24 payments of £476 and 276 payments of £728. The total amount payable would be £214,351 made up of the loan amount plus interest (£87,352) and fees (£1,999). The overall cost for comparison is 4.4% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 4.4% APRC
?
Halifax
Max LTV 60%:
Fixed to 31/12/23
Initial rate
1.10%
then 3.59% (variable)
Monthly repayments
£477
Scheme fees
£1,199
Annual cost
£6,321
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £200
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/12/23
Other info
Exit fee £0
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.10% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £476 and 276 payments of £619. The total amount payable would be £183,467 made up of the loan amount plus interest (£57,268) and fees (£1,199). The overall cost for comparison is 3.2% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
Platform
Max LTV 70%:
Fixed to 31/12/23
Initial rate
1.10%
then 4.34% (variable)
Monthly repayments
£477
Scheme fees
£749
Annual cost
£6,096
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/12/23
Other info
Exit fee £50
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.10% and then on a variable rate of 4.34% for the remaining 23 years would require 24 payments of £476 and 276 payments of £666. The total amount payable would be £195,989 made up of the loan amount plus interest (£70,240) and fees (£749). The overall cost for comparison is 3.9% APRC representative.
Max LTV 70% Early Repayment Charges apply
Overall cost for comparison 3.9% APRC
?
Platform
Max LTV 75%:
Fixed to 31/12/23
Initial rate
1.10%
then 4.34% (variable)
Monthly repayments
£477
Scheme fees
£749
Annual cost
£6,096
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £250
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% reducing to 1% until 31/12/23
Other info
Exit fee £50
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.10% and then on a variable rate of 4.34% for the remaining 23 years would require 24 payments of £476 and 276 payments of £666. The total amount payable would be £195,989 made up of the loan amount plus interest (£70,240) and fees (£749). The overall cost for comparison is 3.9% APRC representative.
Max LTV 75% Early Repayment Charges apply
Overall cost for comparison 3.9% APRC
?
Barclays
Max LTV 60%:
Fixed to 30/11/24
Initial rate
1.10%
then 3.59% (variable)
Monthly repayments
£477
Scheme fees
£999
Annual cost
£6,054
Fees and charges
Booking fee £0
Arrangement fee £999
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% until 30/11/24
Other info
Exit fee £80
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 3 years at 1.10% and then on a variable rate of 3.59% for the remaining 22 years would require 36 payments of £476 and 264 payments of £612. The total amount payable would be £179,703 made up of the loan amount plus interest (£53,704) and fees (£999). The overall cost for comparison is 3.1% APRC representative.
Max LTV 60% Early Repayment Charges apply
Overall cost for comparison 3.1% APRC
?
Barclays
Max LTV 55%:
Fixed to 30/11/23
Initial rate
1.10%
then 3.59% (variable)
Monthly repayments
£477
Scheme fees
£749
Annual cost
£6,096
Fees and charges
Booking fee £0
Arrangement fee £749
Valuation fee £0
Other fees £0
Cashback £0
Flexibility
Overpayments allowed? 10% p/a
Early Repayment Charge:
2% until 30/11/23
Other info
Exit fee £80
Basic legals Payable
Representative example A mortgage of £125,000 payable over 25 years, initially on a fixed rate for 2 years at 1.10% and then on a variable rate of 3.59% for the remaining 23 years would require 24 payments of £476 and 276 payments of £619. The total amount payable would be £183,017 made up of the loan amount plus interest (£57,268) and fees (£749). The overall cost for comparison is 3.2% APRC representative.
Max LTV 55% Early Repayment Charges apply
Overall cost for comparison 3.2% APRC
?
Load more

When compiling our best buy tables we compare the best mortgage rates from across the UK market, including deals that are exclusive to us. It's important to remember that the best mortgage deals are not necessarily about getting the lowest mortgage rate possible, you also need to take into account all the fees and charges associated in setting up your new mortgage deal.

By choosing L&C to find your next mortgage deal our advisers will research the market for you, looking at criteria, set up fees and the rate to help you compare the best mortgage deal for your circumstances, saving you time and effort. Our best buy tables above show you the mortgage deals currently available, both fixed rates and variable rates, whether you are looking to purchase or remortgage to a better deal.

After taking out a mortgage or another financial product, 93% of L&C customers would recommend us based on 1355 Reviews.co.uk respondents - as of 02/04/19. Read our reviews

Find your perfect mortgage deal with L&C

Our best buy tables and online Mortgage Finder make it easier than ever to find the right mortgage to suit your needs.

Whether you’re buying a property for the first time, moving home, purchasing a property to let out, or remortgaging, we’re here to help you find the best mortgage deal, offering you fee free mortgage advice whenever you need it.

You might prefer to opt for a fixed rate mortgage if you want peace of mind that your payments won’t change, or you may be happy going for a variable rate deal, where your payments can move up or down. We do all the legwork on your behalf, recommending the best mortgage for you based on your individual circumstances, and supporting you through the application process.

Why apply for a mortgage with L&C?

If you need to take out a mortgage, the huge choice of deals available combined with lots of confusing jargon can be enough to make anyone nervous. After all, this is likely to be one of the biggest financial decisions of your life, so you’ll want to get it right. That’s why it’s a good idea to seek expert help to compare the best mortgage rates and find the right deal to suit your individual needs. Here at L&C, the process of getting a mortgage couldn’t be simpler.

  • If you’re just getting started, we’ve got lots of useful guides to help you get to grips with mortgages and understand the differences between the various mortgage types.
  • We’ll compare 1000s of deals from over 90 lenders to find the deals you qualify for, filtering down your choices by selecting the type of mortgage you want and how long you want the term to be.
  • Our online Mortgage Finder has been designed for both desktop and mobile devices, making it possible for you to start your journey whether you’re at home or on the go.
  • We’ll ask for essential details about your income and outgoings, along with information such as how much you’re looking to borrow, and we’ll let you know what deals you might qualify for.
  • At L&C we have experts on hand to offer advice, completely free of charge. How do we offer advice for free? Like all other brokers, we get a payment from the lender when your mortgage completes. However, unlike other mortgage brokers, we choose not to charge you a fee on top of this. You’ll pay no more applying through us than you would going directly to the lender on the same deal.

Back to top of guide

Understanding which mortgage is right for you

The right mortgage for you will depend on your individual circumstances.

If you have a small deposit, for example, you may need a mortgage that allows you to borrow as much as 95% of the property value, or you may want to use a Government scheme such as a Help to Buy equity loan to purchase your home.

If you have a larger deposit, then you’ll generally have access to a much wider range of mortgage deals.

Lenders will look at lots of different factors when assessing whether you’re eligible for a mortgage. These include your credit score, as they’ll want evidence you’ve managed any borrowing responsibly in the past.

It’s worth noting that different lenders take different approaches when it comes to who they’ll offer mortgages to, so if you’re not certain which lenders might look favourably on your individual circumstances, we can point you in the right direction.

Back to top of guide

What types of mortgage deals are available?

There are numerous different mortgage options to choose from, and we’re here to help you choose the right mortgage deal to suit your needs.

Here are some of the main mortgage types:

  • Fixed rate mortgages
    A fixed rate mortgage, as the name suggests, has a fixed interest rate for a set term. This term typically varies from two to ten years, although sometimes even longer terms are available. The main benefit of a fixed rate mortgage is that they provide peace of mind that your monthly payments won’t change during the term of the deal, so this type of mortgage usually appeals to those who need budgeting certainty.
  • Tracker mortgages
    With a tracker mortgage, the interest rate usually tracks the Bank of England base rate plus a set percentage. If interest rates fall, then homeowners will benefit from cheaper monthly payments, but if they rise, mortgage costs will increase.
  • Offset mortgages
    An offset mortgage enables you to offset any savings you have against the amount you owe on your mortgage, reducing the amount of interest you’re charged. So, if you have a £200,000 mortgage and £40,000 in savings, you can offset these savings against your mortgage, meaning you’re only charged on £160,000 of your mortgage. You can still get your hands on your savings whenever you want. Rates on offset mortgages tend to be slightly higher than on standard mortgages.
  • Capped mortgages
    A capped rate mortgage will have a variable interest rate, so your payments can go up or down, but it will never exceed a certain ceiling, or cap. This type of mortgage may appeal to you if you think interest rates could have further to fall, but want some protection that there is a limit beyond which your monthly payments can’t rise.
  • Discounted mortgages
    A discounted mortgage gives you a discount from the lender’s standard variable rate for a set period of time. Bear in mind that if your lender raises or lowers their standard variable rate, your monthly payments will go up or down too.
  • Mortgages if you’ve got a small deposit
    Only having a small deposit to put down needn’t be a barrier to getting a mortgage. There are plenty of lenders offering a range of mortgage deals for those with a 5% deposit. There are also government schemes such as the Help to Buy equity loan which are designed to help those with smaller deposits. Under the scheme, which is only available for new-build properties, you need to put down a 5% deposit. The government will lend you a further 20% of the property price interest-free for the first five years (or 40% if you live in London). That means you’ll only need a mortgage for the remaining 75% of the property price.

Back to top of guide

Additional considerations when looking for the right mortgage deal

There are several other things you need to think about when choosing a mortgage.

  • Length of mortgage
    How long do you want your mortgage to be? Remember that the shorter the mortgage term you choose, the less interest you will pay overall and the faster you will pay off what you owe, although your monthly payments will be more expensive than if you opt for a longer term. When remortgaging, make sure you factor in how long you have already had your mortgage and reduce your term by that length of time. For example, if you originally took out a 25-year mortgage and have just come to the end of a five-year fixed rate, when you remortgage you should do so over a 20-year term if you can, as you’ve already been paying off your mortgage for five years.
  • Deal term
    If you are signing up for a fixed, tracker, capped or discounted mortgage deal, think about how long you want to tie yourself in for. Mortgage deals will usually impose early repayment charges (ERCs) if you leave them before they finish, so if you think a move could be on the cards in a couple of years it probably makes more sense to lock into a two-year deal rather than a five-year one.
    Although most mortgage deals are portable, you will still have to go through the application process again to move your mortgage across to a new property, and if the amount you are borrowing is increasing, you may have to accept that part of your mortgage will be on a different rate.
  • Repayment or interest-only
    When you choose a repayment mortgage, your monthly payments go towards paying off the interest you owe and the capital you have borrowed. If you choose an interest-only mortgage, however, you only pay off the interest you owe each month, and none of the capital. Instead, you will need to have a plan in place to repay the capital in full at the end of the mortgage term.
    If you are set on going for an interest-only mortgage, you will usually only be able to get one if you have a large deposit to put down if you are buying, or if you have a significant amount of equity in your property if you are remortgaging.

Back to top of guide

Start your search online for a mortgage

Finding a mortgage and applying with L&C is a simple four-step process.

Step 1 See how much you could borrow and what your monthly payments are likely to cost using our L&C calculators or the online Mortgage Finder.

Step 2 Answer a few more questions online, or speak to an adviser to find out which deals you are likely to qualify for and get expert advice on the best deal for you.

Step 3 Apply easily for your mortgage online – we’ll pre-populate the application form with the information you’ve given us already, so there’s no need to tell us twice.

Step 4 Once you’ve submitted your application you can keep track of the whole process online 24/7. Our experts are on hand to offer free advice if you need help or support at any stage, and we’ll appoint a dedicated case manager who’ll do all the legwork for you.

Back to top of guide

Mortgage Rates & Deals FAQs

How much can I afford to borrow for a mortgage?

The amount you can afford to borrow will depend on your income and on your other outgoings. Lenders will want to check that you can comfortably afford your monthly payments both now and if interest rates rise in future. Use our mortgage calculator to find out how much you might be able to afford to borrow.

The mortgage you can get will depend on how much deposit you can afford to put down and on your monthly income and commitments. There are lots of different types of mortgage to choose from. Having a bigger deposit gives you access to a wider choice of deals, but there are still plenty of mortgage options if you have a small deposit.

To get a mortgage you’ll first need to work out how much you can borrow. You can also use our Mortgage Finder tool to help you see which deals you’re eligible for. It could be a good idea to apply for a mortgage Decision in Principle before you submit a formal mortgage application, as this can provide proof that a lender may be willing to offer you a mortgage.

The amount you can borrow will depend on your income and outgoings. Some lenders will allow you to borrow up to four or sometimes five times your income. Our mortgage calculator can help you work out how much you might be able to borrow, or for a more accurate picture, try the online Mortgage Finder.

A mortgage is a loan you take out to purchase a property. You must put down a deposit, and the lender will lend you the remaining amount of money you need to buy the property. Mortgages typically have a 25 year term, although you can borrow over a shorter or longer period. Find out more about how mortgages work.

You usually need a deposit of at least 5% of the property value to secure a mortgage. The bigger the deposit you can afford to put down, the wider the choice of mortgage options you’ll have available to you, so it’s worth trying to save as much as possible. Read our guide on deposits to find out more about how much you should put down.

It can take around a month for a mortgage application to go to offer, but it can be quicker. This can vary depending on your individual circumstances, including how long it takes you to gather all the documents you need to support your application, and how long it takes the lender to arrange a valuation and approve your application. Learn more in our guide how long does it take to get a mortgage?

A mortgage offer will usually last for at least three months, although some offers will last for six months. Check your lender as they often take different approaches. Find out more about mortgage offers in our guide to mortgage offers and decisions in principle.

A ‘mortgage in principle’ or ‘Decision in Principle’ is a statement from a lender showing how much they may be prepared to lend you. It is not the same as a mortgage offer, which is official confirmation they will provide you with a mortgage. Our guide to mortgage offers and decisions in principle explains everything you need to know about how mortgages in principle work.

Back to top of guide