First time buyer rates – fixed rate comparison chart

Some new entries in the fixed rate loans as well, the good news is that the overall average interest rate has gone done since our last fixed rate chart

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 5.40%
Clydesdale Bank Fixed 3.99% £527 30/06/2011 30/06/2011 4.70%
Yorkshire Bank Fixed 3.99% £527 30/06/2011 30/06/2011 4.70%
Ipswich Building Society Fixed 4.29% £543 30/04/2011 30/04/2011 5.00%
Furness Building Society Fixed 4.35% £547 31/03/2012 31/03/2012 -
Loughborough Fixed 4.39% £549 36 months 36 months 5.00%
Loughborough Fixed 4.39% £549 24 months 24 months 5.10%
Clydesdale Bank Fixed 4.79% £572 30/06/2014 30/06/2014 4.90%
Yorkshire Bank Fixed 4.79% £572 30/06/2014 30/06/2014 4.90%
Cambridge Building Society Fixed 4.89% £578 20/04/2011 20/04/2011 4.30%

Data based on the following:
100K mortgage
125K home value
25 year term
Repayment mortgage
Fixed rates
First time buyer

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