Mortgage refinancing comparison chart – Variable interest only remortgages

Mortgage Company Mortgage Type Initial Rate Monthly Cost Time Period Tie-in Period 25 year APR
First Direct Tracker 2.89% £241 term none 3.00%
Alliance & Leicester Tracker 2.95% £246 24 months 24 months 4.80%
HSBC Tracker 2.95% £246 term none 3.10%
ING Direct Tracker 2.99% £249 24 months 24 months 3.60%
Market Harborough Building Society Discounted variable 2.99% £249 24 months 24 months 5.20%
Principality Building Society Tracker 2.99% £249 31/05/2011 31/05/2011 4.90%
Yorkshire Building Society Tracker with cap 3.19% £266 31/07/2011 31/07/2011 4.70%
The Co-operative Bank Discounted variable 3.24% £270 30/09/2012 30/09/2012 4.20%
Woolwich (Barclays) Tracker 3.24% £270 term 31/07/2012 3.40%
Nationwide Building Society Tracker 3.38% £282 36 months 36 months 3.90%
Abbey Tracker 3.39% £283 36 months 36 months 4.10%
Coventry Variable with cap 3.49% £291 30/06/2012 30/06/2012 4.50%
Cumberland Tracker 3.49% £291 1/7/2012 36 months 4.40%
Royal Bank of Scotland Tracker 3.49% £291 30/06/2011 30/06/2011 4.10%
Scottish Widows Bank Tracker 3.49% £291 24 months 24 months 4.00%
Stafford Railway Variable 3.49% £291 term none 3.60%

Based on the following:
100k mortgage value
150k house value
Interest only remortgage
25 year term
Variable rates

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