Comparing mortgages isn’t easy. Sometimes deals look attractive because they have a low initial rate, but you also need to take into account
any fees that come with the mortgage deal. We recommend **annual cost** as the best way to see which mortgage deal offers
the best value for the size of mortgage you’re looking to take.

This is how we calculate the annual cost:

- We add up all the fees associated with the mortgage deal and deduct any cash back to find
**total fees**
- We then divide the total fees by the number of months the initial mortgage rate lasts to find the
**total fees per month**
- We add the total fees per month to your
**monthly mortgage payment** and multiply by 12 to calculate the **annual cost**

By comparing mortgage deals looking at annual cost you can see which one would be cheapest for you taking into account fees as well as the interest rate. The annual cost only applies to the initial deal as its always best to consider switching once the initial deal is over to see if you could save money.