Variable rate mortgage comparison
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