Finding the right mortgage can be a tricky task with so many choices to make. That’s why Lloyd & Whyte, financial advice partners of the BCA have chosen to team up with L&C, the UK’s largest fee free mortgage broker to bring you their valued mortgage service.
I've used L&C Mortgages 4 times now to help getting a new mortgage, and they have been fantastic every single time. It's always so simple and easy.
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:
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.
This is the representative APRC provided by the lender
Who is lending the money and what sort of mortgage is it.
The rate you will pay at the start of your mortgage.
Your monthly payment when your mortgage starts, based on the loan amount you entered.
The total of the lender's booking, arrangement and valuation fees.
The annualised cost of this mortgage.