May 29th, 2009
The co-op jumps straight into the top spot with a fantastic rate of 2.49% – lets hope this kick starts the stagnant mortgage lenders into some competition, lower deposit percentages and lower rates are what we need.
|
Mortgage Company
|
Mortgage Type
|
Initial Rate
|
Monthly Cost
|
Time Period
|
Tie-in Period
|
25 year APR
|
|
The Co-operative Bank
|
Tracker
|
2.39%
|
£443
|
30/09/2012
|
30/09/2012
|
3.90%
|
|
First Direct
|
Tracker
|
2.89%
|
£468
|
term
|
none
|
3.00%
|
|
Alliance & Leicester
|
Tracker
|
2.95%
|
£472
|
24 months
|
24 months
|
4.80%
|
|
HSBC
|
Tracker
|
2.95%
|
£471
|
term
|
none
|
3.10%
|
|
ING Direct
|
Tracker
|
2.99%
|
£473
|
24 months
|
24 months
|
3.60%
|
|
Market Harborough Building Society
|
Discounted variable
|
2.99%
|
£473
|
24 months
|
24 months
|
5.20%
|
|
Principality Building Society
|
Tracker
|
2.99%
|
£473
|
31/05/2011
|
31/05/2011
|
4.90%
|
|
Marsden
|
Tracker
|
3.09%
|
£479
|
31/05/2011
|
31/05/2011
|
5.30%
|
|
The Co-operative Bank
|
Discounted variable
|
3.24%
|
£486
|
30/09/2012
|
30/09/2012
|
4.20%
|
|
Woolwich (Barclays)
|
Tracker
|
3.24%
|
£486
|
term
|
31/07/2012
|
3.40%
|
|
Beverley
|
Tracker
|
3.25%
|
£487
|
36 months
|
36 months
|
4.50%
|
|
Nationwide Building Society
|
Tracker
|
3.38%
|
£494
|
36 months
|
36 months
|
3.90%
|
|
Abbey
|
Tracker
|
3.39%
|
£494
|
36 months
|
36 months
|
4.10%
|
|
Loughborough
|
Discounted variable
|
3.39%
|
£494
|
24 months
|
24 months
|
5.00%
|
Based on the following:
100k mortgage value
160k house value
Repayment mortgage
25 year term
Variable rates
Remortgage
Tags: best rate mortgages, best remortgage, best uk mortgage rates, rate comparison chart
Posted in Rates - Variable Remortgages | No Comments »
May 29th, 2009
|
Mortgage Company
|
Mortgage Type
|
Initial Rate
|
Monthly Cost
|
Time Period
|
Tie-in Period
|
25 year APR
|
|
Yorkshire Building Society
|
Fixed (stepped)
|
0.00%
|
£0
|
6 months
|
31/07/2014
|
5.50%
|
|
Market Harborough Building Society
|
Fixed
|
2.89%
|
£468
|
30/09/2011
|
30/09/2011
|
5.10%
|
|
Alliance & Leicester
|
Fixed
|
2.99%
|
£474
|
31/08/2011
|
31/08/2011
|
5.00%
|
|
First Direct
|
Fixed
|
2.99%
|
£473
|
24 months
|
24 months
|
3.80%
|
|
Alliance & Leicester
|
Fixed
|
3.19%
|
£484
|
31/08/2011
|
31/08/2011
|
5.00%
|
|
Chorley & District Building Society
|
Fixed
|
3.25%
|
£492
|
12 months
|
12 months
|
5.70%
|
|
Chelsea Building Society
|
Fixed
|
3.39%
|
£494
|
30/04/2011
|
30/04/2011
|
5.50%
|
|
Mansfield
|
Fixed
|
3.39%
|
£494
|
24 months
|
24 months
|
5.10%
|
|
Leeds Building Society
|
Fixed
|
3.40%
|
£500
|
31/07/2011
|
31/07/2011
|
|
|
NatWest
|
Fixed
|
3.49%
|
£500
|
30/06/2011
|
30/06/2011
|
4.10%
|
|
Royal Bank of Scotland
|
Fixed
|
3.49%
|
£500
|
30/06/2011
|
30/06/2011
|
4.10%
|
|
Mansfield
|
Fixed
|
3.54%
|
£502
|
24 months
|
24 months
|
5.10%
|
|
Marsden
|
Fixed
|
3.59%
|
£505
|
31/05/2011
|
31/05/2011
|
5.40%
|
|
Northern Rock
|
Fixed
|
3.59%
|
£505
|
1/5/2011
|
1/5/2011
|
4.70%
|
Based on the following:
100k mortgage value
160k house value
Repayment remortgage
25 year term
Fixed rates
Tags: Best Fixed Rate Mortgage, fixed rate comparison chart, mortgage rate comparison
Posted in Rates - Fixed Remortgages | No Comments »
May 27th, 2009
-
Co-op mortgage sparks revival hopes … The Co-operative Bank has launched a best buy tracker mortgage in a further sign that competition is returning to the market.
The group is offering a three-year tracker loan at 2.39%, or 1.89% above the Bank of England base rate, and it has a £995 application fee.
The deal is available to people borrowing up to 75% of their home’s value, bucking the recent trend for lenders to reserve their best rates for those with at least a 40% equity stake.
The mortgage goes straight to the top of the best buy tables, undercutting the lifetime tracker deal offer by First Direct, which has held the top spot for some time, by 0.5%. …
Tags: mortgage godsend, Mortgage Market
Posted in Mortgage Market | No Comments »
May 16th, 2009
Not sure if you have heard of wolfram alpha – but you soon will !
It is a next generation search engine – in simple terms it computes information rather than fetching information like google
This doesn’t sound much, but believe me its massive and we think wolfram alpha are geniuses
Ok the cool bit try these search terms in wolfram to generate amazing mortgage information that you would never receive from your bank or broker
“mortgage $150,000, 4%, 25 years”
“adjustable rate mortgage”
“4% mortgage”
We love the way the information is displayed and also the cool download as pdf function, so you can save a hard copy of your fantastic results
Powerful, brilliant world changing technology
View our pdf results to get a feel for what you can do
Example 1
Example 2
Wolfram alternative link ( I think their servers must be smoking today!)
http://www2.wolframalpha.com
Tags: Mortgage Repayment Calculator, wolfram alpha
Posted in Mortgage Calculator | 2 Comments »
May 15th, 2009
Based on the following:
100k mortgage value
160k house value
Repayment remortgage
25 year term
Variable rates
Tags: best remortgage, mortgage rate comparison, uk
Posted in Rates - Variable Remortgages | No Comments »
