First time buyer rates – Variable Comparison Chart
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
