Rates - FTB Variable Mortgages | Current Mortgage Rates & Refinancing information

Variable rate mortgage

Friday, May 15th, 2009

Mortgage Company	Mortgage Type	Initial Rate	Monthly Cost	Time Period	Tie-in Period	25 year APR
First Direct	Tracker	3.09%	£479	term	none	3.20%
Furness Building Society	Discounted variable (stepped)	3.54%	£503	12 months	36 months	5.30%
Cumberland	Tracker	3.59%	£505	term	12 months	3.80%
Clydesdale Bank	Variable	3.99%	£527	term	none	4.20%
Yorkshire Bank	Variable	3.99%	£527	term	none	4.20%
Manchester Building Society	Variable	4.00%	£528	term	24 months	4.10%
Marsden	Tracker	4.09%	£532	31/05/2011	31/05/2011	5.50%
Penrith Building Society	Variable	4.15%	£536	term	none	4.20%
Ipswich Building Society	Discounted variable	4.24%	£541	31/07/2012	none	5.00%
Loughborough	Discounted variable	4.24%	£541	term	36 months	4.40%
Cumberland	Tracker	4.29%	£543	72 months	72 months	4.50%
Share to Buy Ltd	Discounted variable	4.29%	£543	term	none	4.40%
Bath Investment & Building Society	Discounted variable	4.49%	£561	36 months	36 months	5.40%
Teachers Building Society	Discounted variable	4.49%	£555	36 months	36 months	5.10%
Woolwich (Barclays)	Tracker	4.49%	£555	term	31/07/2012	4.70%
Mansfield	Discounted variable	4.54%	£558	36 months	36 months	5.30%
Norwich & Peterborough Building Society	Discounted variable	4.55%	£558	48 months	48 months	4.90%
Britannia Building Society	Tracker	4.59%	£560	term	12 months	4.80%

Based on the following:
100k mortgage value
125k house value
Repayment mortgage
25 year term
Variable rates
First time buyer only

Tags: mortgage rate comparison, uk, variable rate mortgage
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As most people are probably aware the rates that banks and buildings societies hand out vary massively. The current financial climate has altered this somewhat. The difference between getting a good rate and a bad one is surprisingly small all you have to do is find a deposit.

Some great tips on how to achieve the best rate mortgage:

1. Deposit Deposit Deposit – borrow, beg or steal ! If you have a deposit in the 20% area expect a good rate around 3 – 4% if you only have a 5% deposit expect a bad rate around 5% – 7%
2. Try to negotiate a normal mortgage rather than a buy to let mortgage, this could also create a massive reduction in interest rates
3. Over estimate your house value – this can create a larger deposit % on paper, thus giving you a better rate and saving some serious money!

Current best rate mortgages for first time buyers

Mortgage Company	Mortgage Type	Initial Rate	Monthly Cost	Time Period	Tie-in Period	25 year APR
First Direct	Tracker	3.09%	£479	term	none	3.20%
Furness Building Society	Discounted variable (stepped)	3.54%	£503	12 months	36 months	5.30%
Cumberland	Tracker	3.59%	£505	term	12 months	3.80%
Clydesdale Bank	Variable	3.99%	£527	term	none	4.20%
Yorkshire Bank	Variable	3.99%	£527	term	none	4.20%
Manchester Building Society	Variable	4.00%	£528	term	24 months	4.10%
Penrith Building Society	Variable	4.15%	£536	term	none	4.20%
Ipswich Building Society	Discounted variable	4.24%	£541	31/07/2012	none	5.00%
Loughborough	Discounted variable	4.24%	£541	term	36 months	4.40%
Share to Buy Ltd	Discounted variable	4.29%	£543	term	none	4.40%
Bath Investment & Building Society	Discounted variable	4.49%	£561	36 months	36 months	5.40%
Teachers Building Society	Discounted variable	4.49%	£555	36 months	36 months	5.10%
Mansfield	Discounted variable	4.54%	£558	36 months	36 months	5.30%
Norwich & Peterborough Building Society	Discounted variable	4.55%	£558	48 months	48 months	4.90%
Britannia Building Society	Tracker	4.59%	£560	term	12 months	4.80%
Tipton & Coseley	Discounted variable	4.59%	£560	30/06/2012	30/06/2012	5.00%
Hanley Economic Building Society	Variable	4.74%	£569	term	none	4.90%

Information based on the following:
100k mortgage value
125k house value
Repayment mortgage
25 year term
Variable rates
First time buyer only

Tags: best rate mortgages, first time buyer rates
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First time buyer current variable mortgage rates

Thursday, April 30th, 2009

Mortgage Company	Mortgage Type	Initial Rate	Monthly Cost	Time Period	Tie-in Period	25 year APR
First Direct	Tracker	3.09%	£479	term	none	3.20%
Furness Building Society	Discounted variable (stepped)	3.54%	£503	12 months	36 months	5.30%
Cumberland	Tracker	3.59%	£505	term	12 months	3.80%
Clydesdale Bank	Variable	3.99%	£527	term	none	4.20%
Yorkshire Bank	Variable	3.99%	£527	term	none	4.20%
Manchester Building Society	Variable	4.00%	£528	term	24 months	4.10%
Penrith Building Society	Variable	4.15%	£536	term	none	4.20%
Ipswich Building Society	Discounted variable	4.24%	£541	31/07/2012	none	5.00%
Loughborough	Discounted variable	4.24%	£541	term	36 months	4.40%
Share to Buy Ltd	Discounted variable	4.29%	£543	term	none	4.40%
Bath Investment & Building Society	Discounted variable	4.49%	£561	36 months	36 months	5.40%
Teachers Building Society	Discounted variable	4.49%	£555	36 months	36 months	5.10%
Furness Building Society	Discounted variable	4.54%	£558	term	none	4.70%

Based on the following:
100k mortgage value
125k house value
First time buyer repayment mortgage
25 year term
Variable rates

Tags: first time buyer rates, rate comparison chart
Posted in Rates - FTB Variable Mortgages | No Comments »

First time buyer variable mortgage rates

Tuesday, April 21st, 2009

Mortgage Company	Mortgage Type	Initial Rate	Monthly Cost	Time Period	Tie-in Period	25 year APR
First Direct	Tracker	3.09%	£479	term	none	3.20%
Hanley Economic Building Society	Discounted variable	3.14%	£481	24 months	24 months	4.70%
Furness Building Society	Discounted variable (stepped)	3.54%	£503	12 months	36 months	5.30%
Cumberland	Tracker	3.59%	£505	term	12 months	3.80%
Clydesdale Bank	Variable	3.99%	£527	term	none	4.20%
Yorkshire Bank	Variable	3.99%	£527	term	none	4.20%
Manchester Building Society	Variable	4.00%	£528	term	24 months	4.10%
Britannia Building Society	Tracker	4.09%	£532	term	12 months	4.80%
Norwich & Peterborough Building Society	Discounted variable	4.10%	£533	term	36 months	4.20%
Penrith Building Society	Variable	4.15%	£536	term	none	4.20%
Ipswich Building Society	Discounted variable	4.24%	£541	31/07/2012	none	5.00%
Loughborough	Discounted variable	4.24%	£541	term	36 months	4.40%

Mortgage rates based on the following -
Mortgage value 100K
Home value 125K
Repayment mortgage
25 year term
First time buyer variable mortgages

Tags: first time buyer rates, rate comparison chart, UK variable rate chart
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First time buyer rates – Variable Comparison Chart

Monday, April 13th, 2009

Looks like the top 5 have remained the same, but some new providers have entered the frame at the lower end, with better deals

Mortgage Company	Mortgage Type	Initial Rate	Monthly Cost	Time Period	Tie-in Period	25 year APR
First Direct	Tracker	3.09%	£479	term	none	3.20%
Hanley Economic Building Society	Discounted variable	3.14%	£481	24 months	24 months	4.70%
Furness Building Society	Discounted variable (stepped)	3.54%	£503	12 months	36 months	5.30%
Clydesdale Bank	Variable	3.99%	£527	term	none	4.20%
Clydesdale Bank	Variable	3.99%	£527	term	none	4.20%
Yorkshire Bank	Variable	3.99%	£527	term	none	4.20%
Yorkshire Bank	Variable	3.99%	£527	term	none	4.20%
Manchester Building Society	Variable	4.00%	£528	term	24 months	4.10%
Britannia Building Society	Tracker	4.09%	£532	term	12 months	4.80%
Norwich & Peterborough Building Society	Discounted variable	4.10%	£533	term	36 months	4.20%

Based on the following:
Mortgage value of 100K
House value of 125K
Repayment mortgage
25 year term
Variable interest rates
First time buyer

Tags: first time buyer rates, rate comparison chart, UK variable rate chart
Posted in Rates - FTB Variable Mortgages | No Comments »

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Variable rate mortgage

Best Rate Mortgages

First time buyer current variable mortgage rates

First time buyer variable mortgage rates

First time buyer rates – Variable Comparison Chart